Industrial Investment Property

Transcription

1 Industrial Investment Property Fully Leased NNN Investment SOUTH ANG AVENUE - FRESNO, CALIFORNIA BUILDING FEATURES CEILING HEIGHT 60 X 28 COLUMN SPACING CONCRETE TILT-UP CONSTRUCTION FULLY FENCED & PAVED SITE 36 DOCK HIGH & 5 GROUND LEVEL DOORS SPRINKLERS,.33 GPM/2,500± SF SKYLIGHTS IH ZONING - HEAVY INDTRIAL For Additional Information Please Contact: Troy A. McKenney Senior Vice President - Investment Division tmckenney@pearsonrealty.com CA BRE # Craig Holdener Vice President - Retail Division choldener@pearsonrealty.com CA BRE #

2 Property information This fully leased 144,000± square foot multi-tenant industrial building located in South Fresno is conveniently located between Freeway 99 and 41 at the NEC of Angus and North Avenues. This industrial area is considered the most desirable industrial submarket in Fresno. The property features close proximity to both Freeway 99 and 41, being approximately ½ mile from Freeway 41 and 1 mile from Freeway 99 on/off ramps, making it an ideal location for tenants seeking a location for distribution. The building is concrete tilt-up construction and offers both dock high and ground level loading doors. It is full fenced providing added security for tenants. Purchase Price: $7,600, CAP Rate: 6.8% Building Size: 144,000± SF Parcel Size: 7.32± Acres APN: S, Fresno County Zoning: IH - Heavy Industrial

3 loan summary Loan Terms (as of June 13, 2017): Principal balance - $2,337, Interest Rate: 5.69% Monthly Payment: $30,631 (includes property for impound) Loan must be assumed by Buyer or existing Lender may consider providing a new loan on the property Prepayment Penalty: $619, (estimated) Loan Maturity Date: February 1, 2026 $500,000 of principal can be paid annually without penalty TEnant list ADDRESS TENANT 2945 S. Angus Avenue The Toro Company 2951 S. Angus Avenue Otham Altman 2961 S. Angus Avenue Otham Altman 2965 S. Angus Avenue ilove To Create TOTAL TEnant profiles SQUARE FOOTAGE 60,000 24,000 24,000 36, ,000 LEASE TYPE NNN NNN NNN NNN The Toro Company celebrated is first 100 years in business in They are a leading worldwide provider of innovative solutions for the outdoor environment including turf, snow and ground-engaging equipment, and irrigation and outdoor lighting solutions. Toro supplies distributors, dealers and retailers in more than 90 countries and offers a wide range of products across a family of global brands to help golf courses, professional contractors, groundskeepers, agricultural growers, rental companies, government and educational institutions, and homeowners in addition to many leading sports venues and historic sites around the world. Their worldwide headquarters are located in Bloomington, MN. Best Cash & Carry dba Best Cash & Carry is a Fresno, California based single location company that is privately held. The business primarily operates in the wholesale trade of groceries related nondurable goods. The business was established in 1997 and the company employs a staff of approximately 12. ilovetocreate, a Duncan Enterprises Company, is a privately-held, family-owned, Fresno, California based company that has been a leader in the ceramics arts and crafts industries since In July 2009, Duncan Enterprises changed its name to ilovetocreate, a Duncan Enterprises Company. This location is primarily used for storage and distribution of the numerous brands ilovetocreate manufactures.

4 site plan ,000± SF Leased to ilovetocreate ANG AVENUE 2961 & ,000± SF Leased to Otham Altman dba Best Cash & Carry ,000± SF Leased to Toro NORTH AVENUE

5 parcel map APN: S ANG AVENUE NORTH AVENUE

6 aerial map Freeway 41 on/off ramps JENSEN AVENUE Highway 99 on/off ramps GOLDEN STATE BOULEVARD Mid Valley Disposal 99 ANNADALE AVENUE 41 Frito Lay Foster Farms CHERRY AVENUE ANG AVENUE EAST AVENUE Pepsi Bottling Group ORANGE AVENUE Valley Wide Distribution Freeway 41 on/off ramps 0.5 mile distance NORTH AVENUE Kraft Foods 1 mile distance Highway 99 on/off ramps FedEx Ground

7 fresno area information County of Fresno: Producing 250 different crops in rich, fertile soils, the San Joaquin Valley is known as the fruit basket of the world. The area has a high quality of life with urban amenities while also being proximate to recreational opportunities, primarily in the Sierra Nevadas, where people hike, ski, rock climb and participate at water sports in one of the three nearby National Parks (Yosemite, Sequoia, Kings Canyon) or national forests. Fresno County is centered in the world s 7th largest economy, the San Joaquin Valley. As of the 2010 census, the population was 930,450. Fresno County is also home to California s 5th largest city, Fresno. It is located between California s major markets, and considered one of the most cost-effective, accessible regions in California. From light manufacturing to large heavy industrial to warehouse and distribution, Fresno County has an expanding industrial market with additional land suitable for all business needs that provides access to major highways, rail, and flexibility for future expansion. Fresno County is home to several universities, such as California State University - Fresno, University of Phoenix, National University, Fresno Pacific University, State Center Community District, West Hills Community College District, as well as an abundance of trade and technology institutions, providing companies with highly-skilled and well-prepared graduates.

8 Fresno Industrial Investment Property S. Angus Avenue - Fresno, CA state & trucking distribution maps Seattle I-5 Portland Butte CALIFORNIA Redding Boise Jackson SACRAMENTO Reno Cheyenne San Sacramento Francisco Salt Lake City Madera Denver Fresno Selma Lemoore Visalia Tulare Bakersfield Las Vegas Los Angeles Albuquerque Phoenix San Diego Stockton Oakland San Francisco Modesto Tucson San Jose 101 I-5 Merced Madera Fresno Hanford Lemoore Coalinga Selma Visalia Tulare 99 Bakersfield Fresno Trucking Distribution Reachable Half-Day Reachable One-Day Reachable Two-Day I San Bernardino Los Angeles Riverside 10 Major National Highway Regional Connecting Freeway (labeled) (unlabeled) San Diego 8 For Additional Information Please Contact: Troy A. McKenney Senior Vice President - Investment Division tmckenney@pearsonrealty.com CA BRE # Craig Holdener Vice President - Retail Division choldener@pearsonrealty.com CA BRE #