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880 S Beckman Rd

22,078 SF 9% Leased Industrial Building Lodi, CA 95240 $7,441,717 CAD ($337 CAD/SF) 4.35% Cap Rate

Investment Highlights

  • Clear Span Construction with Drive Through Access
  • Wash Bay with Grease Trap
  • Skylights & Gas Heat in Warehouse
  • Oversized Grade Level Doors
  • Large Paved/Fenced and Lit Yard Area with multiple points of ingress/egress
  • DO NOT DISTURB TENANT | SHOWN BY APPOINTMENT ONLY

Executive Summary

OFFERING:
Lee & Associates – Central Valley, Inc. is pleased to offer this 100% leased investment opportunity for sale in the City of Lodi, CA, featuring 22,078± SF of total building improvements situated on 2 parcels of land totaling 3.85± Acres.
TENANT:
Liebherr USA, Co. (“Liebherr”) began operations in the U.S. in 1970. Leibherr provides customers with reliable products and services throughout the U.S. Liebherr officially opened the Lodi location in 2017 to provide technical assistance, field service, yard storage for consignment cranes, stock and replenish parts, perform equipment repairs, stock inventory for sale and deploy rental fleets. Leibherr has two product segments operating out of the Lodi facility, Mobile and Crawler Cranes and the Crawler Cranes and Deep Foundation Machines. This prime location approximately 84 miles west of San Francisco and approximately 36 miles south of Sacramento allows Liebherr to respond to customer inquires quicker and accelerate the distribution of parts and services in this region.
ECONOMIC DATA:
Sale Price: $5,250,000.00
Gross Income: $300,020.64
Operating Expenses: $71,582.00 **
NOI: $228,438.64
Cap Rate: 4.35%
Annual Increases: CPI or 3% max
Lease Type: Modified Gross
Lease Expiration: December 31, 2026
Options: One (1) - Five (5) year
**Property Tax adjusted @ 1.1% of Purchase Price

Attachments

Beckman Rd - 880

Property Facts

Price $7,441,717 CAD
Price Per SF $337 CAD
Sale Type Investment or Owner User
Cap Rate 4.35%
Property Type Industrial
Property Subtype
Warehouse
  • Industrial Manufacturing
  • Industrial Truck Terminal
  • Industrial Service
Building Class C
Lot Size 3.85 AC
Rentable Building Area 22,078 SF
No. Stories 1
Year Built/Renovated 1978/2016
Parking Ratio 4.53/1,000 SF
Clear Ceiling Height 20 ft
No. Drive In / Grade-Level Doors 17
Cross Streets 901 E Vine St

Amenities

  • Fenced Lot
  • Yard
  • Monument Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 049-150-01
  • 049-310-36
Land Assessment
$1,190,283 CAD
Improvements Assessment
$1,262,565 CAD
Total Assessment
$2,452,848 CAD

zoning

Zoning Code M (M- Industrial (City of Lodi))
M (M- Industrial (City of Lodi))
  • Listing ID: 31892781

  • Date on Market: 2024-05-22

  • Last Updated:

  • Address: 880 S Beckman Rd, Lodi, CA 95240

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