3389 Franklin AveFresno, CA 93706

Property Details for 3389 Franklin Ave

Year built

1976

Construction

TYPE NOT SPECIFIED

Lot size

6.79 AC

Property size (Sq ft)

49,471 SF

Zone code

M1

Property type

Warehouses

APN

326-180-38

APU

32618038

Description

This exceptional 50,000-square-foot industrial property in Fresno, CA, presents a compelling investment opportunity. Located on a 9.06-acre lot, this Class B property features three buildings totaling 50,000 net rentable square feet, including a 36,000 sq ft warehouse, a 5,200 sq ft shop, and a 9,000 sq ft office space. The property boasts eight dock-high doors, making it ideal for efficient loading and unloading. Zoned M1, it offers versatility for various uses, including warehousing, distribution, manufacturing, and assembly. Its prime location provides easy access to major transportation routes, capitalizing on Fresno's growing industrial market and the increasing demand for logistics and last-mile distribution centers. The asking price is $6,990,000, representing a price per square foot of $139.80 and a 5.01% cap rate with a Net Operating Income (NOI) of $350,000. High-voltage electricity is available on-site for electric truck charging. This property is well-suited for owner-occupied use with an SBA 504 loan. The property's APN is 326-180-37, 326-180-38. The lease type is gross, and tenancy is single.

Location Insight

City

Fresno

County

Fresno

State

California

Latitude

36.7473

Longitude

-119.853

CBSA code

23420

CBSA name

FRESNO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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