5455 Villa AveFresno, CA 93725

Property Details for 5455 Villa Ave

Year built

1994

Lot size

1.22 AC

Property size (Sq ft)

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.

• Alternative Use

  Use

  Valuation

  Residential

  $1,922,874

  Hospitality

  $1,761,343

  Educational

  $1,465,416

  Medical

  $1,515,814

  Retail

  $2,279,537

Location Insight

City

Fresno

County

Fresno

State

California

Latitude

36.6556

Longitude

-119.712

CBSA code

23420

CBSA name

FRESNO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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