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Net Lease

UPS Freight

27706 Bernard Dr, Kettleman City, CA 93239

Listing Price: $8,286,000

Cap Rate
5.25%
Lot Size
6.50 acres
Year Built
2006
Rentable SF
26,720

Investment Overview

Marcus & Millichap has been retained by ownership to offer exclusively to the investment market this expandable 48-door UPS Freight facility in Kettleman City, California. Ideally situated on a 6.5 acre parcel for LTL trans-shipment, it is just north of the intersection of Interstate 5 and State Route 41 in central California. UPS Freight has just executed a 10-year Triple Net lease that extends through January of 2031. This modern, build-to-suit cross dock facility was built in 2006 with the ability to expand up to 76-doors. The lease provides for rental increases on the beginning of the sixth five year of the term and both of the 5-year renewal options. The lease just commenced on December 1, 2020 and the Lessee’s obligations shall include restorations, replacements or renewals when necessary to keep the Premises and all improvements in good order and condition. With the new lease, the property is expanded the hardscape to include room for 30 additional trailer parking capacity. Interstate 5 is the primary artery for commerce through the length of California extending from beyond the northern border all the way to San Diego. Route 41 is the primary road that connects Interstate 5 mid-state to the sizable inland areas of Fresno and Visalia which together have over 1,422,000 in population. With these factors the location is a must for trans-shipment of goods going in all directions from this important crossroads intersection. This is also evidenced with other strong national truck and freight carriers in the immediate area, including FedEx Freight and XPO Logistics.

Investment Highlights

  • 10-Year Triple Net Lease with Increases in Sixth Year & Options
  • 26,720 Square Foot on 6.50 +/- Acres
  • 10-Years Remaining with Two Five-Year Options to Renew
  • UPS Freight is the Fifth Largest LTL Trucking Company
  • UPS Freight 2020 Estimated Revenue $3.149 Billion

Exclusively Listed By

Financing By

Listing Price: $8,286,000

Cap Rate
5.25%
Lot Size
6.50 acres
Year Built
2006
Rentable SF
26,720

Investment Highlights

  • 10-Year Triple Net Lease with Increases in Sixth Year & Options
  • 26,720 Square Foot on 6.50 +/- Acres
  • 10-Years Remaining with Two Five-Year Options to Renew
  • UPS Freight is the Fifth Largest LTL Trucking Company
  • UPS Freight 2020 Estimated Revenue $3.149 Billion

Investment Overview

Marcus & Millichap has been retained by ownership to offer exclusively to the investment market this expandable 48-door UPS Freight facility in Kettleman City, California. Ideally situated on a 6.5 acre parcel for LTL trans-shipment, it is just north of the intersection of Interstate 5 and State Route 41 in central California. UPS Freight has just executed a 10-year Triple Net lease that extends through January of 2031. This modern, build-to-suit cross dock facility was built in 2006 with the ability to expand up to 76-doors. The lease provides for rental increases on the beginning of the sixth five year of the term and both of the 5-year renewal options. The lease just commenced on December 1, 2020 and the Lessee’s obligations shall include restorations, replacements or renewals when necessary to keep the Premises and all improvements in good order and condition. With the new lease, the property is expanded the hardscape to include room for 30 additional trailer parking capacity. Interstate 5 is the primary artery for commerce through the length of California extending from beyond the northern border all the way to San Diego. Route 41 is the primary road that connects Interstate 5 mid-state to the sizable inland areas of Fresno and Visalia which together have over 1,422,000 in population. With these factors the location is a must for trans-shipment of goods going in all directions from this important crossroads intersection. This is also evidenced with other strong national truck and freight carriers in the immediate area, including FedEx Freight and XPO Logistics.

Exclusively Listed By

Financing By

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