2945 Angus AveFresno, CA 93725

Property Details for 2945 Angus Ave

Year built

1988

Construction

TILT-UP CONCRETE

Lot size

7.31 AC

Property size (Sq ft)

144,000 SF

Zone code

IH

Property type

Warehouses

APN

328-032-30S

APU

32803230S

Description

This exceptional 144,000-square-foot industrial warehouse in Fresno, California, presents a significant investment opportunity. Located at 2945-2965 S Angus Ave, this single-story, 1988-built facility sits on a 7.32-acre lot and is zoned IH (Heavy Industrial) in Fresno County. The property boasts 32 dock-high doors and 40 drive-in doors, providing ample loading and unloading capabilities. With 60 total parking spaces, it caters to employees and visitors alike. The high ceilings, measuring 27 feet, offer significant vertical storage capacity. Its strategic location at the intersection of North Avenue and Angus Avenue, between freeways 99 and 41, provides unparalleled access to major transportation arteries. The building is constructed of tilt-up concrete and is fully fenced for enhanced security. Currently, there is one space available for lease, totaling 26,370 square feet. Additionally, 2,000 square feet of office space is available, featuring four private offices, a reception area, a large work area, a substantial break room, and two restrooms. This prime location within a highly desirable industrial submarket makes this property an ideal distribution center. The property is approximately half a mile from Freeway 41 and one mile from the on/off ramps for Freeway 99.

• CAP approach

  CAP return

  Valuation

  6%

  $52,380,200

  6.5%

  $48,351,000

  7%

  $44,897,400

• Comparable approach

  Method

  Valuation

  Relative Method

  $30,594,900

  Geo Method

  $64,260,900

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $23,559,900

  Mixed-Use / Specialty

  $22,503,300

  Hospitality / Lodging

  $15,243,600

  Office

  $21,356,500

  Institutional / Educational

  $23,046,700

  Residential Income

  $26,964,700

  Multifamily

  $37,732,000

  Automotive / Energy

  $19,754,300

  Parking / Income-Based Land

  $7,777,910

  Restaurant / Food Service

  $9,628,380

  Healthcare / Senior Housing

  $24,074,100

Location Insight

City

Fresno

County

Fresno

State

California

Latitude

36.6935

Longitude

-119.776

CBSA code

23420

CBSA name

FRESNO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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