Multi-Tenant Manufacturing
For Sale
$3,250,000
2889 N Larkin Ave. & 5645 E Westover Ave., Fresno, CA 93727
Two adjacent buildings support a fully leased industrial investment with airport and regional highway connectivity.
Property Size26,349 SF
Lot Size1.90 Acres
Price / SF$123.34
Days on Market52
Property Features for 2889 N Larkin Ave. & 5645 E Westover Ave.
General Information
Standard status
Active
Size
26,349 SF
Lot size
1.90 Acres
Property subtype
Industrial - Manufacturing
Occupancy
100%
Site & Location
Highway Access
Yes
Outdoor Storage
Yes
Building Details
Building Size
26,349 SF
Buildings
2
Tenancy
Multi
Listing Agency:
ALIVE Commercial Real Estate
Listed By:
Trent Carvolth · License #01713737
(619) 909-0681
Source:
Commercialcafe
Added: Sep 1
Changed: Oct 20
Last Checked: Oct 20 at 5:32PM
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 ALIVE Commercial Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property comprises two adjacent industrial buildings totaling approximately 26,349 square feet on approximately 1.9 acres. The fully leased, multi-tenant configuration provides an established industrial investment with a diverse tenant base and existing occupancy across the portfolio.
Located in Fresno’s Northeast Industrial Submarket, the property offers access to Fresno Yosemite International Airport and convenient connections to Highways 168, 180, and 41. Its position within an established industrial corridor supports access across the Fresno-Clovis metropolitan area and California’s Central Valley.
The portfolio is offered as a single investment opportunity and includes underutilized yard areas that may provide additional operating flexibility, subject to applicable approvals and leasing considerations.
Located in Fresno’s Northeast Industrial Submarket, the property offers access to Fresno Yosemite International Airport and convenient connections to Highways 168, 180, and 41. Its position within an established industrial corridor supports access across the Fresno-Clovis metropolitan area and California’s Central Valley.
The portfolio is offered as a single investment opportunity and includes underutilized yard areas that may provide additional operating flexibility, subject to applicable approvals and leasing considerations.
Key Highlights
- Two adjacent industrial buildings totaling approximately 26,349 square feet
- Approximately 1.9 acres
- Fully leased multi‑tenant industrial portfolio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$188,712
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,774,240
$3.8M
Cap Rate 7%
$2,695,886
$2.7M
Cap Rate 9%
$2,096,800
$2.1M
Market Conditions
NOI Build-Up for 26,349 SF
Gross rent
$281.4K $10.68/SF
− Vacancy
−$11.8K −$0.45/SF
EGI
$269.6K $10.23/SF
− OpEx
−$80.9K −$3.07/SF
NOI
$188.7K $7.16/SF
Area
ZIP 93727
Vacancy
4.20%
Lease Rate
$10.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,774,240
Cap Rate 7%
$2,695,886
Cap Rate 9%
$2,096,800
Alternative Uses
Best Use
Industrial
$2.70M
$2.36M – $3.15M
NOI $188,712 @ 7.0% cap · market cap 5.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.47M
$6.53M – $8.71M
NOI $522,757 @ 7.0% cap · market cap 16.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
551
Businesses Nearby
Explore this area
Business Placement
Demographics for 93727, CA
83,212
Population
25,919
Households
3.2
Avg Household Size
31
Median Age
24%
College-Educated
84%
High-School Grad
22.0 sq mi
ZIP Area
3,782
Density / Sq Mi
$82,247
Median Household Income
$42,002
Median Earnings
$1,277
Median Rent
$370,300
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Two adjacent buildings support a fully leased industrial investment with airport and regional highway connectivity.
Where is this manufacturing property located?
The property is located at 2889 N Larkin Ave. & 5645 E Westover Ave. Fresno, CA.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Two adjacent industrial buildings totaling approximately 26,349 square feet; Approximately 1.9 acres; Fully leased multi‑tenant industrial portfolio
