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Property profile & analytics
OFF-MARKET Estimated value $16,770,000
Refrigerated & Cold Storage

2121 Browning Rd Delano, CA 93215-9298

198,873 SF 47.27 ac lot Built 2008
Entity Owned 17-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US10-1897339
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • TITAN Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$22.75M
Blend (final) Blend
$16.77M
Owner & transaction history
Sears Roebuck & Co · 17 yrs held
Sears Roebuck & Co
since 2008
3 recorded transactions
2008
Price N/A
2008
Price N/A
1969
Price N/A
Zoning & alternative use
SP · Delano, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $27.6M +21.3%
Industrial (general) $25.2M +11.0%
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