5444 Nikita Ave Fresno, CA 93725
- Warehouses
- 20,000 SF
Current Use by Public Records
- Warehouses
Property Details for 5444 Nikita Ave
- Year built
- 2005
- Property size
- 20,000 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fresno
- County
- Fresno
- State
- California
- Longitude
- -119.715
- Latitude
- 36.6571
