2788 Larkin AveFresno, CA 93727
Multi-tenant warehouse, high NOI, strong ROI
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 114
Highlights
- 114,964 SF multi-tenant warehouse complex on a 5.2-acre lot in Fresno, CA. 96% occupancy, $715,000 NOI, 5.72% cap rate. Asking price: $12,500,000 ($108.73/SF).
- Strong projected job growth in Fresno County (140,000 jobs over 10 years) and significant industrial rent growth (projected >26% over 3 years). Low vacancy rate (2.7%) in a tight industrial market.
- Excellent location with access to SR-99, I-5, rail lines, and Fresno-Yosemite International Airport. Prime Central Valley location with strong transportation infrastructure.
- Business-friendly environment with numerous companies and state/federal incentive programs. High-demand location with a stable tenant base and minimal near-term rollover risk (next rollover June 2027). Anchor tenant occupies ~80% of the space.
Property Details for 2788 Larkin Ave
- Property type
- Warehouses, Industrial properties
- Square Feet
- 114,964 SF
- Year Built
- 1983
- Buildings
- 2
- Lot Size (sq. ft)
- 226,512 SF
Location Insight
- City
- Fresno
- County
- Fresno
- State
- California
- Latitude
- 36.7749994
- Longitude
- -119.6973086
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