Industrial Building in Three Crowns
For Sale
Contact for pricing
5444 S Nikita Ave, Fresno, CA 93725
20,000 sq ft industrial building for sale.
Property Size20,000 SF
Price / SF$126
Days on Market1348
Property Features for 5444 S Nikita Ave
General Information
Standard status
Active
Size
20,000 SF
Property subtype
Industrial
Zoning
M-3 (Heavy Industrial)
Occupancy
100%
Lease Type
Gross
Net Operating Income
$134,460
Building Details
Year Built
2005
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Cushman & Wakefield - Fresno, California
Listed By:
James Griffin · License #01211790
(559) 433-3531
Source:
Crexi
Added: Feb 21, 2023
Changed: Oct 30
Last Checked: Oct 30 at 1:09PM
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 Cushman & Wakefield - Fresno, California
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.
This 20,000 square foot industrial building is located within the Three Crowns Industrial Park. The pre-engineered metal building features R-7 rigid board insulation. The property benefits from a private water system serving the entire park. Sewer services are provided by the SKF District. The Three Crowns Industrial Park has established an Owner’s Association for the benefit of the 26 lot owners. The Association has a Board of Directors, Officers, and an Architectural Committee. The Association will hire a third-party Property Manager to coordinate responsibilities including maintenance of common areas, the common storm drainage system, and the private water system. Each lot has a water meter, and the Association collects water charges based on usage and the City of Fowler’s standard water rates.
Key Highlights
- Pre‑engineered metal building offers cost‑effective and durable construction.
- Benefit from a private water system for the entire park, offering potential cost savings.
- Established Owner's Association ensures common benefit and management.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$146,948
Cap Rate
5.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,938,960
$2.9M
Cap Rate 7%
$2,099,257
$2.1M
Cap Rate 9%
$1,632,756
$1.6M
Market Conditions
NOI Build-Up for 20,000 SF
Gross rent
$213.6K $10.68/SF
− Vacancy
−$3.7K −$0.18/SF
EGI
$209.9K $10.50/SF
− OpEx
−$63.0K −$3.15/SF
NOI
$146.9K $7.35/SF
Area
Fresno, CA
Vacancy
1.72%
Lease Rate
$10.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,938,960
Cap Rate 7%
$2,099,257
Cap Rate 9%
$1,632,756
Alternative Uses
Best Use
Industrial
$2.10M
$1.84M – $2.45M
NOI $146,948 @ 7.0% cap · market cap 5.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.89M
$5.16M – $6.88M
NOI $412,560 @ 7.0% cap · market cap 16.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
Explore this area
Business Placement
Demographics for 93725, CA
26,162
Population
6,998
Households
3.7
Avg Household Size
30
Median Age
13%
College-Educated
68%
High-School Grad
67.0 sq mi
ZIP Area
390
Density / Sq Mi
$71,099
Median Household Income
$34,943
Median Earnings
$1,222
Median Rent
$262,400
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Industrial property - 20,000 sq ft industrial building for sale.
Where is this industrial property located?
The property is located at 5444 S Nikita Ave Fresno, CA.
What is the asking price?
The asking price for this property is $2,520,000.
What are key features of this property?
This property features: Pre‑engineered metal building offers cost‑effective and durable construction.; Benefit from a private water system for the entire park, offering potential cost savings.; Established Owner's Association ensures common benefit and management.
