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3146 S Chestnut Ave 527,500 sq ft Industrial Property Fresno, CA 93725 £54,473,789 (£103.27/sq ft) 5.65% Net Initial Yield
INVESTMENT HIGHLIGHTS
- NNN Leased Investment
- Institutional Grade Asset
EXECUTIVE SUMMARY
NEW Single Tenant NNN lease 15 year term with scheduled increases. Institutional Grade Asset. 3146 S. Chestnut Ave is located in Fresno, CA with easy access to Hwy 99, Hwy 41 and within 10 minutes drive to the Fresno Yosemite International Airport. This facility totals over 527,500 SF of industrial warehouse across 4 buildings with active rail on site. The interior loading bays and large elevated rail loading dock optimizes in-bound and outbound for both rail and truck. The facility is ideal for large logistics use on a single or multi-tenant basis. OM and pre-DD package will be sent upon completion of the signed NDA in the Teaser attachment.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | £54,473,789 | Net Internal Area (NIA) | 527,500 sq ft |
| Price per sq ft | £103.27 | No. Floors | 1 |
| Sale Type | Investment | Year Built | 1989 |
| Yield | 5.65% | Tenancy | Single |
| Property Type | Industrial | Parking Allocation | 0.12/1,000 sq ft |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 44 |
| Costar Property Class | B | No. Drive In / Grade-Level Doors | 4 |
| Total Plot Size | 22.08 ac | Opportunity Zone |
Yes
|
| Use Class | M3, Fresno - M2 Uses, any Industrial I Uses, Nuisance Type Uses 500 ft from any other Zone, no R Zone Uses | ||
| Price | £54,473,789 |
| Price per sq ft | £103.27 |
| Sale Type | Investment |
| Yield | 5.65% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Costar Property Class | B |
| Total Plot Size | 22.08 ac |
| Net Internal Area (NIA) | 527,500 sq ft |
| No. Floors | 1 |
| Year Built | 1989 |
| Tenancy | Single |
| Parking Allocation | 0.12/1,000 sq ft |
| No. Dock-High Doors/Loading | 44 |
| No. Drive In / Grade-Level Doors | 4 |
| Opportunity Zone |
Yes |
| Use Class | M3, Fresno - M2 Uses, any Industrial I Uses, Nuisance Type Uses 500 ft from any other Zone, no R Zone Uses |
AMENITIES
- Floor Drains
- Front Loading
- Signage
- Skylights
- USDA/FDA
- Reception
- Fiber Optic Internet
UTILITIES
- Lighting - Halogen
- Gas
- Water
- Sewer
- Heating
PROPERTY TAXES
| Parcel Number | 331-071-13 | Improvements Assessment | £11,152,382 |
| Land Assessment | £776,049 | Total Assessment | £11,928,431 |
PROPERTY TAXES
Parcel Number
331-071-13
Land Assessment
£776,049
Improvements Assessment
£11,152,382
Total Assessment
£11,928,431
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3146 S Chestnut Ave
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