Warehouse-Office Flex
New
For Sale
$4,250,000
5153 E Dakota Avenue, Fresno, CA 93727
The single-tenant property pairs warehouse and office areas with a new NNN lease.
Property Size23,306 SF
Days on Market6
Property Features for 5153 E Dakota Avenue
General Information
Standard status
Active
Size
23,306 SF
Property subtype
Industrial
Additional Details
Highway Access
Yes
Building Details
Building Size
23,306 SF
Year Built
2023
Tenancy
Single
Listing Agency:
Newmark Pearson Commercial | Fresno
Listed By:
Craig Holdener, CCIM · License #CalDRE #01904352
(559) 447-6293
Source:
Newmarkpearson
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 12 at 5:23PM
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 Newmark Pearson Commercial | Fresno
Investment Insights
Based on property information with market context.
Built in 2023, this flex property is configured as 50/50 warehouse and office space and includes an extensive office buildout. EKC Enterprises Inc. occupies the building under a new 10-year NNN lease with annual increases. The arrangement is structured as a sale-leaseback.
The property is near Fresno International Airport and the 168 Freeway. EKC Enterprises was established in 2003 and has locations across the United States.
The property is near Fresno International Airport and the 168 Freeway. EKC Enterprises was established in 2003 and has locations across the United States.
Key Highlights
- 50/50 warehouse and office configuration
- New 10‑year NNN lease with annual increases
- Sale‑leaseback occupied by EKC Enterprises Inc.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$202,686
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,053,720
$4.1M
Cap Rate 7%
$2,895,514
$2.9M
Cap Rate 9%
$2,252,067
$2.3M
Market Conditions
NOI Build-Up for 23,306 SF
Gross rent
$248.9K $10.68/SF
− Vacancy
−$10.5K −$0.45/SF
EGI
$238.5K $10.23/SF
− OpEx
−$35.8K −$1.53/SF
NOI
$202.7K $8.70/SF
Area
ZIP 93727
Vacancy
4.20%
Lease Rate
$10.68 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,053,720
Cap Rate 7%
$2,895,514
Cap Rate 9%
$2,252,067
Alternative Uses
Best Use
Warehouse
$2.90M
$2.53M – $3.38M
NOI $202,686 @ 7.0% cap · market cap 4.77%
Second Best
Flex RnD
$2.72M
$2.38M – $3.17M
NOI $190,367 @ 7.0% cap · market cap 4.48%
Theoretical Best
Office A
$6.61M
$5.78M – $7.71M
NOI $462,385 @ 7.0% cap · market cap 10.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
521
Businesses Nearby
Balanced
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - The single-tenant property pairs warehouse and office areas with a new NNN lease.
Where is this flex space located?
The property is located at 5153 E Dakota Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: 50/50 warehouse and office configuration; New 10‑year NNN lease with annual increases; Sale‑leaseback occupied by EKC Enterprises Inc.
