1990 & 1992 Rockefeller Drive
About This Property for Sale
Marketing description
STRONG MARKET FUNDAMENTALS
►HIGH DEMAND CENTRAL VALLEY INDUSTRIAL MARKET | The region continues to benefit from strong logistics and manufacturing demand, supported by population growth and occupier expansion.
►HEALTHY LOCAL MARKET FUNDAMENTALS | The Modesto/Ceres market, which comprises 37 MSF, has a low 7% vacancy rate. However, for buildings 70,000 SF and smaller like the subject, the vacancy rate drops to 3.5% (per Costar).
►RESILIENT OCCUPIER BASE | Diverse industries including HVAC, refrigeration, manufacturing, and distribution continue to expand throughout the region, driving absorption.
Investment highlights
Download OM here: https://bit.ly/1990rockefellerCX
DOCK-HEAVY MID BAY PROJECT WITH UPSIDE
►FIRST-TO-LEASE, INSTITUTIONAL QUALITY | Concrete tilt-up construction, freeway-adjacent, 22’ clear height, minimal office buildout, variable suite sizes, and 63 loading docks make this a uniquely desirable first-to-lease asset.
►STABILIZED INDUSTRIAL INCOME STREAM | 100% occupancy across 130,353 SF provides immediate in place cash flow with no downtime at acquisition.
►CONSISTENT NNN EXPENSE STRUCTURE | Nearly all tenants operate on NNN leases, minimizing landlord expense exposure and enhancing long term cash flow efficiency.
EXCELLENT FREEWAY-ADJACENT LOCATION WITH LIMITED COMPETITION
►EXTREMELY LIMITED COMPETITION TO ROCKEFELLER | There are currently only 4 other spaces available for lease in the entire Modesto/Ceres market that have at least one loading dock and are 12,000 SF or smaller (per Costar).
►FREEWAY VISIBILITY| Great signage opportunity given the property’s adjacency to Highway 99 (±107,000 ADT).
►PROXIMITY TO MAJOR TRANSPORTATION ROUTES | Immediate access to regional freeways (Highway 99 and CA-132) enhances tenant logistics efficiency for both local and multi market operations.
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