Leased Industrial Opportunity with
2788 N Larkin Ave Fresno, CA 93727
2788 N Larkin Ave, Fresno, CA, 93727
Contact for pricing
For Sale
Contact for pricing
Pending
92% leased industrial property with stable income and growth potential.
Property Size114,964 SF
Days on Market1525
Property Features for 2788 N Larkin Ave
General Information
- Standard status
- Pending
- Size
- 114,964 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1983
Listing Agency
CBRE - Orange County
(916) 446-8756
Listed by
Bryan Johnson · License #02018612
Source
Crexi
Added: May 19, 2022 Updated: Jul 6 at 7:34 am Checked: Jul 20 at 2:39 am
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
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Local 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 | $1.23M | $10.68 |
| − Vacancy | −$51.6k | −$0.45 |
| EGI | $1.18M | $10.23 |
| − OpEx | −$176.4k | −$1.53 |
| NOI | $999.8k | $8.70 |
114,964 SF · lease $10.68/SF/yr · vacancy 4.20% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$14.28M
$12.50M – $16.66M
NOI $999,810 @ 7.0% cap · market cap 8.00%
Second Best
Industrial
$11.76M
$10.29M – $13.72M
NOI $823,373 @ 7.0% cap · market cap 6.59%
Theoretical Best
Office A
$32.58M
$28.51M – $38.01M
NOI $2,280,856 @ 7.0% cap · market cap 18.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Johnson Controls
Security Service
Tyco SimplexGrinnell
Production Facility
Tyco Integrated Security
Security Service
Similar For Sale Nearby
Similar Off Market Nearby
- The Movers Now — 5746 E Shields Ave STE 103, Fresno, CA 93727
- Clovis Ave Self Storage — 2970 N Clovis Ave, Fresno, CA 93727
- Sierra Data Management & Storage — 2615 N Argyle Ave, Fresno, CA 93727
- Quality RV Storage — 2891 N Argyle Ave, Fresno, CA 93727
- CubeSmart Self Storage — 2612 N Clovis Ave, Fresno, CA 93727
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.
