5444 Nikita AveFresno, CA 93725

  • Industrial properties
  • 20,000 SF
For Sale
$2,520,000 View listing

Property Details for 5444 Nikita Ave

Year built
2005
Property size (Sq ft)
20,000 SF
Property type
Industrial properties
Property subtype
Other warehouses

Description

This exceptional investment opportunity presents a 20,000-square-foot industrial warehouse located at 5444 S Nikita Ave, Fresno, CA 93725. The property, situated on a 53,898-square-foot lot, boasts a single-story, pre-engineered metal building constructed in 2005 with R-7 rigid board insulation. Currently 100% occupied under a gross lease with a remaining term of 0.6 years, the property offers a strong 5.4% cap rate and a net operating income (NOI) of $136,280. The asking price is $2,520,000, translating to $126 per square foot. Features include two loading docks, ceiling heights ranging from 14 to 19 feet, and M-3 (Heavy Industrial) zoning. The property benefits from easy access to Highway 99 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. Rent bumps are included in the lease. Lease options include a one-year extension. The property is zoned M-3 (Heavy Industrial) and has a single tenant. The property is part of the Three Crowns Industrial Park, Lot 19. The APN is TBD/Lot 19.

5444 Nikita Ave, Fresno, California

Location Insight

City
Fresno
County
Fresno
State
California
Latitude
36.6571
Longitude
-119.715

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