Great Owner User Opportunity: 2 Freestanding Buildings

2304 Monterey St Fresno, CA 93721

2304 Monterey St, Fresno, CA, 93721
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FOR SALE
Property Type:
Warehouse
Amount:
$1,995,000
Last Verified:
Apr 02, 2024
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Highlights

  • Owner User Opportunity | Value Add Potential
  • Owners Unit is ±7,750 SF To Be Occupied or Leased
  • Two Existing MTM Tenants Willing to Sign 5 Year Lease
  • Business Can Be Included in Real Estate - Pombo Automotive
  • ±15,500 SF of Freestanding Office/Warehouse + Fenced Yard
  • City Utility Services & Large Fully Fenced Paved Yard Area
  • Superior Location w/ Limited Competition | Strategic Trade Area
  • Excellent Location, Great Tenant Mix, High Traffic Flows
  • Quality Construction | Well Maintained | Economical Spaces
  • Excellent Access To All Major Freeways
  • 14,000 SF Warehouse/Parts Room, 1,500 SF Office
  • 13 Ground Level Doors W/16' Clear Height
  • 6 Pull Through Truck Bays | Heavy 600 AMPS, 3 Phase Power
  • Clear Span Building w/ Small Office + Parts Room
  • Close Proximity to Major Traffic Generators
  • Prime Alternative To New Construction
  • Great SBA Loan Candidate w/ 10% Down

Description

This owner-user opportunity presents a unique blend of versatility and income potential, with two established tenants already occupying the space. The property offers a strategic advantage for an owner-user seeking a functional space with existing rental income streams. Investors will appreciate the stability provided by the current tenants, creating an attractive proposition for those looking to diversify their portfolio in a thriving location. (2) freestanding buildings totaling ±15,500 SF of clear-span Industrial buildings on ±0.86 AC. There are currently two (2) MTM tenants that are willing to sign a five year lease. Owners unit can be occupied or leased for $0.80/SF. The buildings feature a 1,500 SF office/showroom, private offices, break room, restrooms, and storage. Adjacent to the office is a parts room and open warehouse. The main building is 67‘ x 156‘ with 6 pull-through bays (13 ground level rollup doors total) and a large shop office. Completely fenced, 600 Amps 3-Phase power, 16' clear height, with economical City Utility Services. The rear building has ±5,000 SF consisting of five (5) ground level loading doors, clear span building, and a small office and parts room with ample separately metered power. Unique investment offering easy-to-rent spaces within an under-built market offering a strong need for these type of spaces. Once stabilized, the deal offers a 8% return.

Business can be included in real estate.

Located in the commercial service Enterprise Zone in downtown Fresno, between Freeways 99, 41, & 180, considered the most accessible industrial submarket in Fresno. Subject is directly off CA-41 with easy access and great visibility located south of the "M" Street entrance/exit, north of Van Ness Ave, west of Los Angelos Street, and east of CA-99. Strategic "mid-cities" location to conveniently serve Fresno, Madera, Kings, Merced, and Tulare Counties.

Located in the center of the heavily traveled San Joaquin Valley, Fresno is the fifth-largest city in California and is the largest city in the Central Valley with 972,297 metro residents. Lying at the foot of the Sierra Nevada Mountain Range which includes Yosemite, Kings Canyon and Sequoia National Parks, Fresno is known as the “Gateway to Yosemite”. 20.8% population growth from 2006 to 2016. Fresno is approximately 200 miles north of Los Angeles and 170 miles south of the Sacramento. Fresno is connected by two major freeways servicing the West Coast; Interstate 5 and Freeway 99.

Building Size: 15500sq ft
Lot Size: 0.86 acres


Documents

Lease Brochure
Brochure

Map of 2304 Monterey St, Fresno, CA, 93721

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
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