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2777 N Highway 59

Merced, CA 95348

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$15,997,500

199,667 sq ft

2777 N Highway 59

Merced, CA 95348

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Listed On: 05/03/2026
Status: Active
Listing Number: 648185 (Fresno MLS)

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Contact Info


Presented By:

London Properties, Ltd.
London Properties, Ltd. 209.725.2100 Email Agent
Property Description
Just under 200,000 SF of buildings on 22.3 acres. Has 8.27+/- acres of excess buildable land on which to build additional buildings or provide Industrial Outdoor Storage . Gross Scheduled rent as of 1-1-26 was $133,606.68 /month = $ 1,603,280.00 / year. Bldg. A consists of a free standing 7,126 SF office building + a new (built 2021) 2,400 SF metal shop bldg. Leased on a modified gross basis. Landlord pays Base Yr. Operating Expenses and Tenant pays its prorata share of increase over the Base Yr. with exception that Tenant pays all of taxes for new shop Bldg. COLAs in January based on increase in CPI but never less than 3% or greater than 8% / year. Tenant currently pays $10,244.30/ month ($9,204.83 Base Rent +$1,039.50 CAMs. Bldg. B is a 15,300 SF standalone fully sprinklered metal bldg. with an attached 240 SF office. Bldg.has minimum 22' clear height and has 8 roll-up doors (4@ on east and west sides of Bldg.). Tenant pays $12,508.84 / month ($10,810.37 Base Rent + $1,698.47 NNNs). Bldg. C is a 70,902 SF fully sprinklered metal bldg. with 8 recessed truck docks and 3,000 AMP electrical service provided by MID(purportedly costs less than 50% of PG & E). Tenant currently pays $43,711.99 / month ($ 38,537.58 Base Rent + $7,174.41 NNNs). Tenant wants to sub-let the building. Bldg. D is a fully sprinklered, concrete tilt-up with 24' clear height under roof trusses and 2,000 AMP electrical service provided by MID. Solar panels on south facing roofs of both Bldgs. C & D provide an additional 750KW on average / month into Bldg. D's meter. Inside of D are 2 x 12,544+/- SF refrigerated walk-in boxes that can be maintained at 40 degrees temperature. Bldg. D just became available for lease in March and the asking rent is $.55/SF NNN (the NNNs are $.10 / SF). Owner occupies 5,240 SF metal shop attached to west end of Bldg D and is willing to either vacate at close of escrow or lease back at $3,406 / month ($.65/SF). Owner has just spent $1M+/- to flood proof buildings. The property is fully fenced and can be accessed via electronic gates from both Highway 59 and Cooper Avenue. Bldgs. C & D combined represent roughly 170,000 SF of competetively priced continuous space with 5,000 AMPs of inexpensive electricty.
Property Type
Commercial
Property Subtype 1
Industrial
Property Subtype 2
Manufacturing
Property Subtype 3
Warehouse
Year Built
1970
Location
Industrial Bus. Park
Stories
One
Potential Use
Ind. Manufacture, Material Storage, Warehouse/Distribution, Warehouse/Storage
Total Buildings
4
Price Per Square Foot
$80
Days On London
0
Cumulative Days On London
0
County
Merced
Miscellaneous
Security Lighting, Inside Storage, Outside Storage, Wet Sprinklers
REO / Bank Owned
No
Cross Street Address
Cooper Avenue
Directions
From W. 16th Street go north on Hwy. 59 to property which will be the 1st driveway on the left (west) side of Hwy 59
Heating & Cooling
Central Heat/Cool, No Cooling
Ceiling Height
22 - 25 ft.
Roof
Composition, Metal, Tile
Alarm & Security System
Monitored, Fire Sprinkler, Security Gates
Loading
Dock High, Drive In Loading
Floor
Concrete Perimeter, Wood Subfloor
Exterior
Metal, Tilt Wall, Stucco, Wood
Electric
Individual Meter
Water / Sewer / Gas
City Water, City Sewer, Telephone Available, Gas Available
Additional Parking
Over 21 Spaces
Access
State Highway, City Street, Paved Road, Airport 2 - 3 Miles
Fence
Chain Link, Electric Gate
APN
059 450 069
Zoning
I-H Heavy Industrial
Sale Options
Total Parcel Only
Seller Will Consider
Lease Option, Submit, Owner Carry
Sales Includes
Land & Improvements, Building (s), Other
Occupancy
CPI Change, Net Lease, Modified Gross Lease
Tenant Pays
Utilities, Taxes, Insurance, Janitorial
Owner Pays
Taxes, Insurance, Maintenance Fees, Parking Area, Janitorial
Existing Loan
Free & Clear

Courtesy of Steve Tinetti, Tinetti Realty Group - [email protected]
Last modified 2 hours ago
Fresno MLS last checked for updates 41 minutes ago

The data relating to real estate for sale on this web site comes in part from the Internet Data eXchange (IDX) of the Multiple Listing Service. Real estate listings are marked with the IDX logo and detailed information about them includes the name of the listing broker and the name of the listing agent. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Information herein deemed reliable but not guaranteed, representations are approximate, individual verification recommended.

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