2788 Larkin Ave Fresno, CA 93727

Property Details for 2788 Larkin Ave

Year built

1983

Construction

TILT-UP CONCRETE

Lot size

5.21 lot acres

Property size

120,428 SF

Zone code

IL

Property type

Warehouses

APN

496-202-01

APU

49620201

Description

This exceptional investment opportunity presents a 114,964 square foot, multi-tenant warehouse complex in Fresno, CA. Comprising two buildings on a 5.2-acre lot, the property boasts 96% occupancy and a strong net operating income (NOI) of $715,000, yielding a 5.72% cap rate. Built in 1983, the property features 97 parking spaces and is zoned for industrial use in Fresno County (APN: 496-202-01). The asking price is $12,500,000, translating to $108.73 per square foot. The property benefits from a stable rent roll with minimal near-term rollover risk (next rollover June 2027), and significant upside potential due to below-market rents. Located in a prime Central Valley location, the property enjoys excellent access to major transportation arteries, including SR-99 and I-5, rail lines, and Fresno-Yosemite International Airport. The area is experiencing robust industrial growth, with projected job increases and high rent growth, making this a compelling investment in a thriving market. The anchor tenant, occupying approximately 80% of the space, has made significant investments in specialized equipment, further enhancing the property's value. This is a stabilized investment with a strong, diversified tenant base in a high-demand location.

Location Insight

City

Fresno

County

Fresno

State

California

Longitude

-119.697

Latitude

36.7751

CBSA code

23420

CBSA name

FRESNO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments