5455 Villa Ave Fresno, CA 93725
- Warehouses
- 11,850 SF
- 1.22 lot acres
Current Use by Public Records
- Vita-Pakt Citrus Products / Fruit And Vegetable Store
Property Details for 5455 Villa Ave
- Year built
- 1994
- Lot size
- 1.22 lot acres
- Property size
- 11,850 SF
- Zone code
- M3
- Property type
- Warehouses
- APN
- 340-330-21
- APU
- 34033021
Description
This single-story, 10,450-square-foot warehouse in Fresno, CA's Three Crowns Industrial Park is offered at $1,316,700, representing a 5.00% cap rate. Built in 2000 and renovated in 2001, the property features a pre-engineered metal building with R-7 rigid board insulation and boasts 14' to 17' ceiling heights. Situated on a 53,354-square-foot lot (APN: TBD / Lot 20), it benefits from easy access to Highway 99. The property includes a fenced yard 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. The lease, a gross lease with rent bumps, commenced May 18, 1999, and expired June 30, 2024, leaving zero remaining lease term. The Net Operating Income (NOI) is $65,833. The permitted zoning is 'M'. One 1-year lease option is available. The property's features include P.G.&E. services and sewer connection via the SKF District. Detailed Association bylaws and Declaration of Restrictions are available upon request. This is a prime opportunity for investors seeking a well-maintained industrial property in a convenient location.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $754,000
Market price range: $754k - $1.74M -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $1,210,000 Current use
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Location Insight
- Map
- Local Demand
- City
- Fresno
- County
- Fresno
- State
- California
- Longitude
- -119.712
- Latitude
- 36.6556
- CBSA code
- 23420
- CBSA name
- FRESNO, CA METROPOLITAN STATISTICAL AREA
