5444 Nikita Ave Fresno, CA 93725
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20,000 SF Warehouse, 5.4% Cap Rate
Property size:
20,000 SFProperty Features for 5444 Nikita Ave
General Information
- Property type
- Distribution properties
- Square Feet
- 20,000 SF
Building Details
- Year Built
- 2005
- Buildings
- 1
- Stories
- 1
Listing Agency: Cushman & Wakefield - Fresno, California Listing Agent: James Griffin
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a 20,000-square-foot industrial warehouse located at 5444 S Nikita Ave, Fresno, CA 93725. The property, situated on a 53,898-square-foot lot, boasts a single-story, pre-engineered metal building constructed in 2005 with R-7 rigid board insulation. Currently 100% occupied under a gross lease with a remaining term of 0.6 years, the property offers a strong 5.4% cap rate and a net operating income (NOI) of $136,280. The asking price is $2,520,000, translating to $126 per square foot. Features include two loading docks, ceiling heights ranging from 14 to 19 feet, and M-3 (Heavy Industrial) zoning. The property benefits from easy access to Highway 99 and is part of an established industrial park with a newly formed owner's association responsible for common area maintenance, including a private water system. Rent bumps are included in the lease. Lease options include a one-year extension. The property is zoned M-3 (Heavy Industrial) and has a single tenant. The property is part of the Three Crowns Industrial Park, Lot 19. The APN is TBD/Lot 19.
Property Profile
Location Intelligence
Current Use by Public Records
Distribution centers
Map
- City
- Fresno
- County
- Fresno
- State
- California
- Longitude
- -119.71503537007
- Latitude
- 36.657133055051
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FAQs
What type of property is this?
Distribution property - 20,000 SF Warehouse, 5.4% Cap Rate
Where is this distribution property located?
The property is located at 5444 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: 20,000 SF industrial warehouse on a 53,898 SF lot in Fresno, CA.; 100% occupied under a gross lease with 0.6 years remaining; 5.4% cap rate, $136,280 NOI, $2,520,000 asking price ($126/SF).; Features include two loading docks, 14-19' ceiling heights, and M-3 zoning.
