210-284 N Thorne Ave - Warehouse FOR SALE


Fresno, CA 93706- Mural District | 
$3,980,000 USD
916-724-1310
210-284 N Thorne Ave, Fresno, CA for Sale
$3,980,000 USD
Warehouse - FOR SALE
1/14
null | Request Cap Rate

210-284 N Thorne Ave
Fresno, CA 93706
Mural District


HIGHLIGHTS

  • ±45,350-Square Foot and ±9,900-Square Foot Warehouses Leased to Central Piers until 2031 at Below Market Rent
  • ±13,500-Square Foot Warehouse With Loading Docks and Grade-Level Doors, On a 1-Acre Fenced Lot - Available for Immediate Occupancy
  • Over 5-Acres of Industrial Outdoor Storage Space Zoned Heavy Industrial (IH) With it's Own Separate Ingress/Egress
  • Strategic Central Fresno Location Near the Confluence of Highway 99 and Highway 180 - Excellent Highway Visibility
  • Value-Add, Redevelopment, or Owner-User Opportunity - Rare Heavy Industrial (IH) Zoning
  • Available Together With or Separately From 136 N Thorne Ave (±25,390 Square Foot Building on 1.8-Acre Parcel For $1,520,000)

OVERVIEW

Marcus & Millichap has been retained to exclusively market for sale 210-284 N Thorne Avenue, consisting of 3 buildings totaling ±68,750 square feet, of which ±13,500 is available for immediate occupancy. Strategically located in Southwest Fresno near the confluence of Highway 99 and Highway 180, the offering benefits from excellent regional connectivity and access to major transportation corridors. Zoned IH (Heavy Industrial), the properties represent a rare opportunity to acquire one of Fresno's limited industrial assets allowing for the broadest possibilities for industrial uses in Fresno. 284 N Thorne; This portion of the property consists of a ±45,250-square-foot warehouse, featuring 20-foot clear heights, eleven (11) dock-high loading doors, and two (2) electrical meters. The building is occupied by Central Piers through September 2031, with no renewal options. The current rental rate is significantly below market at $0.15 per square foot ($8,047). The existing lease allows the landlord to collect reimbursements of tax and insurance increases over the base year (which will increase upon sale). 260 N Thorne; The ±9,900-square-foot warehouse includes its own electrical service, six (6) grade-level roll-up doors, integrated office space, and approximately ±6,500 square feet of fenced yard area. The property is leased to Central Piers through September 2031, under the terms described above. 210 N Thorne; This portion of the property consists of a ±13,500-square-foot warehouse with an adjacent electrified and secured yard area. Following fire damage, the building has been completely renovated which includes a new fire sprinkler system, electrical system, plumbing system, andADA upgrades. The warehouse features 20- foot clear heights, one (1) dock-high loading door, a loading platform, and one (1) grade-level door with ramp access. The building is currently leased to Fulsom Transport, paying holdover rent of $7,800 per month on a month-to-month basis. Vacant Land; This portion of the property includes approximately 5.7-Acres of yard space zoned Heavy Industrial (IH). The site offers a rare combination of large-scale yard space and Heavy Industrial zoning. It is well suited for a variety of IOS uses, including fleet parking, equipment and material storage, contractor operations, and trailer staging, and benefits from excellent exposure along Highway 180. In summary, 136-284 N Thorne Avenue offers investors and owner-users the opportunity to acquire a strategically located industrial portfolio with significant scale and functionality. The property's rare Heavy Industrial zoning, extensive yard area, and proximity to major transportation corridors create a difficult-to-replicate asset position within the Fresno market. The combination of in-place tenancy, available space, and operational flexibility provides multiple paths for value creation and long-term ownership. The property may be purchased together with 136 N Thorne Ave (±25,390-Square Foot Warehouse With a 1.8-Acre Fenced Lot On its Own Separate Parcel. Available for $1,520,000)

FOR SALE DETAILS

PRICE

$3,980,000 USD

PRICE/SF

$59 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Manufacturing, Showroom, Truck Terminal

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1954

UTILITIES

Lighting - Fluorescent, Gas - Natural, Water - City, Sewer - City, Heating

CLEAR CEILING HT

20 Ft

DOCKS

13

DRIVE INS

6

PARKING SPACES

15

LAND DETAILS

LAND ACRES

8.33

LAND SF

362,854

ZONING

IH

APN/PARCEL ID

458-250-15

ASK ABOUT THIS PROPERTY

Russ MorozMarcus & Millichap Real Estate Investment ServicesMore Info
916-724-1310

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Russ MorozMarcus & Millichap Real Estate Investment ServicesMore Info
916-724-1310

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.