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Peter Scott

scottrealtyconsultants@gmail.com +1(916) 606-7772

$1,200,000

Est. payment - /mo

15,198 Acres Lot

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Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 226059154

HOA Y/N No

Year Built 1946

Lot Size 15198.000 Acres

Acres 0.3489

Property Sub-Type Industrial

Source MLS Metrolist

Property Description

Excellent opportunity to acquire a centrally located commercial property in Tracy currently occupied by a long-standing auto parts business with over 20 years of established tenancy. The property consists of approximately 8,560 usable square feet situated on approximately a 15,200 square foot lot and offers strong visibility, functional utility, and flexible potential for investors or future owner-users. Originally constructed in 1946, the building remains in overall good functional condition for its current automotive-related use. The property includes two on-site restrooms, ample interior space, and a layout well-suited for retail, automotive, warehouse, or service-oriented operations. While the building would benefit from some cosmetic updates and exterior improvements, there are no known structural deficiencies, making this an attractive value-add investment opportunity. The property is fully leased under a modified gross lease extending through April 2030 with scheduled annual rent increases. Tenant responsibilities include utilities, interior maintenance, and portions of insurance and property tax increases, while ownership remains responsible for structural components of the building. The long-term tenancy provides stable in-place income and operational continuity. The lease also includes a renewal option, further supporting long-term occupancy stability. The current rental rate is below prevailing market rent, presenting significant upside potential for future income growth and long-term value enhancement. Based on the current estimated net operating income and a proposed list price of $1,200,000, the property reflects an approximate 6.50% cap rate, subject to buyer underwriting and verification of financial information. This positions the asset as a stable income-producing investment with long-term tenancy and future value-add potential through rent repositioning. Buyer to verify all information, zoning, square footage, permitted uses, lease terms, income and expense figures, and any environmental conditions to their own satisfaction.

Location

State CA

County San Joaquin

Area 20601

Direction From 11th Street turn South onto E Street, Turn right onto property.

Location Details Neighborhood,Public Transportation Nearby,Downtown,Freeway Nearby,Restaurant Nearby,Shopping Nearby,Strip Center,See Remarks

Interior

Heating Central, Heat Pump, Other

Cooling Central, Ductless, Evaporative Cooler, Other

Flooring Concrete

Exterior

Parking Features Commercial Vehicle Allowed, Private, Street, Fenced, Garage

Utilities Available Separate Gas Meter, Separate Water Meter, Sewer Connected, Underground Utilities

Water Access Desc Public

Roof Type Flat

Building

Foundation Concrete, Slab

Sewer Public Sewer

Water Public

Others

Senior Community No

Tax ID 235-171-09

Special Listing Condition Real Estate Owned

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Listed by Omega Properties Group

NEARBY SCHOOL & BUSINESS

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Peter Scott

+1(916) 606-7772

Broker | CA DRE#01472227

Broker CA DRE#01472227

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80 E 11th ST Tracy, CA 95376

Peter Scott

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

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