Technical
Financial
Distress signals
Property profile

2121 Browning Rd Delano, CA 93215

OFF-MARKET
Refrigerated & Cold Storage
Property ID
US10-1897339
198,873 SF 47.27 ac lot Built 2008
Entity Owned 17-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 198,875-square-foot refrigerated/cold storage facility presents a unique investment opportunity in Delano, California. Situated on a substantial 47.27-acre lot at 2121 Browning Road, this single-tenant industrial property boasts a state-of-the-art design, perfectly suited for various cold storage and freezer applications. The building features ceiling heights ranging from 16 to 29 feet, providing ample vertical space for efficient operations. Power is robust, with 480V, 3-phase, 4,000-amp service ensuring reliable energy supply. The property is zoned for industrial use under a specific plan and benefits from its convenient location in Kern County's Delano submarket cluster. Its strategic position near Delano Municipal Airport and easy access to Highway 99 via Pond Road offers excellent transportation links, facilitating seamless distribution throughout California. The entire 198,875 square feet is currently vacant, providing immediate occupancy for a qualified tenant. This turnkey operation is ready for immediate use and represents a significant opportunity within the thriving Delano market. The property's size, location, and modern design make it an ideal choice for businesses seeking a high-capacity, well-equipped cold storage solution. The zip code is 93215.

Property profile

Verified
Property type Refrigerated & Cold Storage
Use group COLD STORAGE
Year built 2008
Construction WOOD
Total area 198,873 SF
Lot 47.27 ac (2,059,081 SF)
Zoning code SP
APN 521-120-30-00-0
UPID US10-1897339

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Warehouse & Storage

Location

2121 Browning Rd Delano, CA 93215-9298
Delano metro Census 5003 BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$22.75M
Blend (final) Blend
$560k

Owner & transaction history

since 2008
3 recorded transactions
2008
Price N/A
2008
Price N/A
1969
Price N/A

Zoning & alternative use

SP · Delano, CA
Zoning description

programs specified in the General Plan and any applicable Specific Plan; (2) It is compatible with the uses authorized in, and the regulations prescribed for the zone district in which the real property is or will be loc…

General category UNKNOWN
Top alternative use upside
Auto repair, garage $27.6M +21.3%
Industrial (general) $25.2M +11.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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