2304 Monterey St - Warehouse FOR SALE


Fresno, CA 93721
$1,895,000 USD
559-705-1000
2304 Monterey St, Fresno, CA for Sale
$1,895,000 USD
Warehouse - FOR SALE
1/12
null | 7.65% Cap Rate

2304 Monterey St
Fresno, CA 93721


HIGHLIGHTS

  • Double Net Lease, LL Only Responsible for Property Taxes
  • Fully Leased: 4+ Years Left on Lease Term
  • Cash Cow w/ Scheduled Gross Rents of $180,000 in 2026
  • Cap Rate 2026 is 8.6%
  • City Utility Services & Large Fully Fenced Paved Yard Area
  • Superior Location w/ Limited Competition | Strategic Trade Area

OVERVIEW

Freestanding Absolute NN Leased Investment with Zero Landlord Responsibility. (2) freestanding buildings totaling ±15,500 SF of clear-span Industrial buildings on ±0.86 AC. Pombo's Fleet Service recently executed a new (5) Year Lease w/ actual rents of $162,000 annually w/ increases. This outstanding opportunity offers investors a long-term (5) year lease through June 30, 2029. Pombo’s Fleet Service acquired the seller’s business which has operated within the property for 45+ years. The main building is ±15,500 SF which consists of ±1,500 SF office/ showroom, private offices, break room, restrooms, and storage. The warehouse is ±14,000 SF, (67' x 156') with 6 pull-through bays (13 ground level rollup doors total.) 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 with ample separately metered power. Unique investment offering easy-to-rent spaces within an under-built market offering a strong need for these types of spaces. The Cap Rate will be 8.6% in July 2026.

FOR SALE DETAILS

PRICE

$1,895,000 USD

PRICE/SF

$122 USD /SF

CAP RATE

7.65%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1949

UTILITIES

-

CLEAR CEILING HT

16 Ft

DOCKS

-

DRIVE INS

5

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.86

LAND SF

37,462

ZONING

DTN

APN/PARCEL ID

468-232-04

ASK ABOUT THIS PROPERTY

Jared EnnisCentral CA CommercialMore Info
559-705-1000

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

Jared EnnisCentral CA CommercialMore Info
559-705-1000

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