Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale 600 D Street, Turlock, California. The property is comprised of an ±85,290 square foot industrial warehouse on a ±2.82-acre parcel of land and is being offered to the market 100 percent vacant. The location of the asset is well-situated near downtown Turlock and is less than one mile from Highway 99. Several large corporations such as Foster Farms and Americold are located adjacent to the subject property highlighting the area's desirability. The buildings were originally designed in the 1950's to serve as a food processing facility. In January of 2020, the current ownership purchased the property with the intention of converting the buildings into Turlock's first indoor cannabis cultivation facility. A complete tenant improvement plan was designed; however, the plans were only partially executed due to issues caused by the pandemic. One of the major improvements completed by the owner was the construction of 16 temperature controlled rooms totaling ±17,750 square feet (see floor plan on page 12). Each temperature controlled room is equipped with compressors, fire sprinklers, and insulated panels only. The rooms still need to have sliding doors and lighting installed. Additionally, the ownership has made several other improvements such as renovating the office space, repairing major sections of the roof, etc. Finally, the property has been issued a Conditional Use Permit (CUP) by the City of Turlock for growing, manufacturing, and distributing cannabis products.