2788 N Larkin Ave Fresno, CA 93727
92% leased industrial property with stable income and growth potential.
Type:Industrial
Property size:
114,964 SF- Added:
- May 19, 2022
- Days on Market:
- 1432
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 2788 N Larkin Ave
General Information
- Standard status
- Active
- Size
- 114,964 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1983
Listing agent Bryan Johnson License #02018612
Listing office CBRE - Orange County
Listing date May 19, 2022
Source Crexi
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 CBRE - Orange County
Overview
Leased Industrial Opportunity with Upside
This is an investment opportunity in the Central Valley, situated in California’s distribution and agricultural cluster, near a multi-modal transportation system and surrounding amenities. The property is 92% leased with NNN leases, providing ease of ownership and an income stream with annual increases. Rent growth during the hold period may offset future deflationary concerns. No existing tenant rollovers are scheduled until June 2027. The anchor tenant, Made in Nature, occupies approximately 80% of the rentable area and uses the asset as a packaging and distribution facility. The tenant has invested in specialized equipment, including cold storage components. In-place rents are approximately 19% below market. The average weighted remaining lease term is 3.3 years. Strong industrial rent growth is projected in Fresno, which may increase yields with future rollovers. The property is suitable for cold storage and food processing.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Johnson Controls
Security Service
Tyco SimplexGrinnell
Production Facility
Tyco Integrated Security
Security Service
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Location Insight
- Map
- Local Demand
- City
- Fresno
- County
- Fresno
- State
- California
- Longitude
- -119.69686
- Latitude
- 36.776945
Nearby Similar for Sale
FAQs
What type of property is this?
Warehouse - 92% leased industrial property with stable income and growth potential.
Where is this warehouse located?
The property is located at 2788 N Larkin Ave Fresno, CA.
What is the asking price?
The asking price for this property is $12,500,000.
What are key features of this property?
This property features: 92% Leased NNN Investment: Provides stable income stream.; Significant Value‑Add Potential: In‑place rents are ±19% below market, offering substantial upside.; Highly Invested Anchor Tenant: Made in Nature occupies ~80% of rentable area.
