Freestanding Warehouse with Fenced
2304 Monterey St Fresno, CA
For Sale
Contact for pricing
Fully leased investment property with long-term tenancy and high traffic.
Property Size15,500 SF
Lot Size0.86 Acres
Price / SF$122.26
Days on Market941
Property Features for 2304 Monterey St
General Information
- Standard status
- Active
- Size
- 15,500 SF
- Lot size
- 0.86 Acres
- Property subtype
- INDUSTRIAL
Listing Agency:
KW Commercial | Central California
(559) 302-8698
Listed By:
Kevin Land · License #01516541
(559) 359-4035
Source:
Moodyscre
Added: Dec 26, 2023
Changed: Jul 10
Last Checked: Jul 21 at 6:15AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial | Central California
Investment Insights
Based on property information with market context.
This fully leased freestanding office/warehouse property features approximately 15,500 square feet, along with a fenced yard. The property is an absolute-net lease with zero landlord responsibility. The location is considered superior with limited competition in a strategic trade area, offering excellent access to major freeways and close proximity to major traffic generators. The property includes 14,000 square feet of warehouse/parts room space and 1,500 square feet of office space. It features quality construction, is well maintained, and offers economical spaces. The building has clear span construction with a small office and parts room. There are 13 ground-level doors with 16' clear height, along with 6 pull-through truck bays. The property is equipped with heavy 600 AMPS, 3-phase power. City utility services are available. The property is a prime alternative to new construction.
Key Highlights
- Absolute‑Net Lease w/ Zero Landlord Responsibility
- Fully Leased Investment w/ Long‑Term Tenancy
- Cash Cow w/ Scheduled Gross Rents of $192,000
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $165.5k | $10.68 |
| − Vacancy | −$2.8k | −$0.18 |
| EGI | $162.7k | $10.50 |
| − OpEx | −$24.4k | −$1.57 |
| NOI | $138.3k | $8.92 |
15,500 SF · lease $10.68/SF/yr · vacancy 1.72% · expense 15.00%
Alternative Uses
Best Use
Flex RnD
$2.95M
$2.58M – $3.45M
NOI $206,739 @ 7.0% cap · market cap 10.91%
Second Best
Warehouse
$1.98M
$1.73M – $2.30M
NOI $138,289 @ 7.0% cap · market cap 7.30%
Theoretical Best
Office A
$4.57M
$4.00M – $5.33M
NOI $319,734 @ 7.0% cap · market cap 16.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Pombo Automotive & Truck
Auto Repair Shop
Similar Off Market Nearby
- United States Cold Storage - Woodward — 2539 E Woodward Ave, Fresno, CA 93721
- Swift Cold Storage — 2950 E California Ave, Fresno, CA 93721
- Near2Me Self Storage Units — 1844 s cherry ave, fresno, ca 93721
- CubeSmart Self Storage — 1844 S Cherry Ave, Fresno, CA 93721
- Allied Van Lines — 214 South Broadway Suite 100, Fresno, CA 93721
FAQs
What type of property is this?
Warehouse - Fully leased investment property with long-term tenancy and high traffic.
Where is this warehouse located?
The property is located at 2304 Monterey St Fresno, CA.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: Absolute‑Net Lease w/ Zero Landlord Responsibility; Fully Leased Investment w/ Long‑Term Tenancy; Cash Cow w/ Scheduled Gross Rents of $192,000
