2304 Monterey StFresno, CA 93721

Property Details for 2304 Monterey St

Lot size

0.86 AC

Property size (Sq ft)

15,500 SF

Property type

Mixed-use properties

Property subtype

Other warehouses

Description

This exceptional investment opportunity presents a fully leased, ±15,500 square foot industrial property located at 2304 Monterey St, Fresno, CA 93721. The property consists of two freestanding buildings situated on a 0.86-acre lot, zoned DTN - Downtown Neighborhood. The main building encompasses approximately 14,000 square feet of warehouse space and 1,500 square feet of office/showroom area, featuring 13 ground-level loading doors (6 pull-through bays), 16-foot clear height, and 600 amps of 3-phase power. A secondary building adds approximately 5,000 square feet of warehouse space with five ground-level loading doors and a small office. The property boasts a fully fenced yard and ample paved area. Currently 100% occupied under a triple net (NNN) lease with Pombo's Fleet Service, the lease commenced November 1, 2023, and has a remaining term of approximately four years, expiring November 30, 2028. The current annual net operating income (NOI) is $145,000, yielding a 7.27% cap rate, projected to increase to 7.95% pro-forma and 8.6% by July 2026. The asking price is $1,995,000, translating to $128.71 per square foot. This property offers a strong value-add investment opportunity in a desirable location with limited competition, providing excellent access to major Fresno freeways. The tenant has occupied the property for over 45 years.

Location Insight

City

Fresno

County

Fresno

State

California

Latitude

36.7291

Longitude

-119.779

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].