3146 Chestnut Ave, Fresno, CA 93725
524,298 SF | Industrial Building | Fresno, CA 93725 | $62,500,000 ($119/SF) | 5% Cap Rate
For Sale
Active
Asking Price $62,500,000
- Property Type
-
Industrial
- Square Feet
- 25,000,524,298 SF
- Price / Square Foot
- $119
Listing Contacts
Chad Brock
Mike Tingus
Grant Fulkerson
Nicholas Audino
Property Overview
Owner/user opportunity with short term sale-leaseback option. The Central California Logistics Hub at 3146 S Chestnut Avenue is one of the most extensive industrial listings on the West Coast. Secured by a super-regional credit third-party logistics (3PL) tenant, the property offers investors stable and reliable cash flow through a short term sale-leaseback arrangement at a competitive market cap rate of 5%. This institutional-grade asset is ideal for large logistics use on a single- or multi-tenant basis.
Central California Logistics Hub spans over 525,000 square feet across four buildings. This industrial complex represents a cornerstone asset in the region's industrial landscape. With active rail service, the facility is ideally positioned to cater to diverse transportation needs, enhancing operational efficiency and scalability for users. The well-maintained property has been owner-occupied for 30 years. On-site hazmat and temperature-controlled portions of the warehouse and requisite fire and safety features allow for a range of on-site storage.
The property's interior loading bays and large elevated rail loading dock optimize inbound and outbound traffic for both rail and truck. The rail infrastructure and enhanced transportation options cater to the needs of logistics, manufacturing, and distribution tenants seeking seamless connectivity to national rail networks. With owned roof-mounted solar panels, the facility demonstrates a commitment to sustainable operations while offering potential cost-saving benefits for tenants, aligning with modern environmental and economic imperatives.
Situated in Fresno, a pivotal logistics hub in California's Central Valley, the property enjoys prime access to major highways, facilitating efficient distribution and transportation logistics for tenants serving regional and national markets. Fresno has a population of over 1 million, and the Central Valley, including Tulare and Kern, has a population of over 4.3 million. Fresno's industrial market is just over 88 million square feet, with industrial rates in the $8 PSF per year range over the last three years and year-over-year rental rate growth in the current year.
Central California Logistics Hub spans over 525,000 square feet across four buildings. This industrial complex represents a cornerstone asset in the region's industrial landscape. With active rail service, the facility is ideally positioned to cater to diverse transportation needs, enhancing operational efficiency and scalability for users. The well-maintained property has been owner-occupied for 30 years. On-site hazmat and temperature-controlled portions of the warehouse and requisite fire and safety features allow for a range of on-site storage.
The property's interior loading bays and large elevated rail loading dock optimize inbound and outbound traffic for both rail and truck. The rail infrastructure and enhanced transportation options cater to the needs of logistics, manufacturing, and distribution tenants seeking seamless connectivity to national rail networks. With owned roof-mounted solar panels, the facility demonstrates a commitment to sustainable operations while offering potential cost-saving benefits for tenants, aligning with modern environmental and economic imperatives.
Situated in Fresno, a pivotal logistics hub in California's Central Valley, the property enjoys prime access to major highways, facilitating efficient distribution and transportation logistics for tenants serving regional and national markets. Fresno has a population of over 1 million, and the Central Valley, including Tulare and Kern, has a population of over 4.3 million. Fresno's industrial market is just over 88 million square feet, with industrial rates in the $8 PSF per year range over the last three years and year-over-year rental rate growth in the current year.
Property Details
- Class
- B
- Year Built/Renovated
- 1989/2010
- Stories
- 1
- Property Subtype
- Distribution, Manufacturing, Refrigeration/Cold Storage
- Lot Size (sq. ft)
- 961,805 SF
Highlights
- One-of-a-kind opportunity to purchase a 525,000-SF industrial warehouse across four buildings with an active on-site rail.
- Central California Logistics Hub is easily accessible from Hwy 99 and 41, all within a 10-minute drive of the Fresno Yosemite International Airport.
- 100% occupied by the owner/user for the last 30 years, a regional credit 3PL tenant that will provide stable cash flow through sale-leaseback.
- Reach over 40 million customers with next-day ground service to San Francisco, Los Angeles, San Diego, Las Vegas, Phoenix, Boise, and Portland.
- Ideal for large logistics with great fundamentals, the property features 1,100 panels of owned solar, 44 dock doors, and up to 28-foot clear heights.
- Fresno County has officially surpassed a population of 1 million in 2018 and is expected to grow faster (17.6%) than California (12.8%) by 2035.
All available spaces
- Space
- 1st Floor
- Size
- 25,000,524,298 SF
- Condition
- Full Build-Out
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