Industrial Space Overview
Nestled in Fresno, California's thriving industrial market, is a premium 50,000-square-foot, single-tenant freezer facility, fully leased to United States Cold Storage until May 2023. This strategic investment offers exceptional value with its significantly below-market rents, boasting an upside of approximately 32%.
The facility boasts impeccable institutional-grade maintenance and ownership, with recent upgrades totaling close to $650,000, including epoxy flooring, freezer enhancements, LED lighting, and more. This ongoing commitment ensures a pristine and efficient operating environment.
Fresno's burgeoning market provides a compelling backdrop for this investment. As one of the fastest-growing industrial markets on the West Coast, Fresno exhibits vigorous absorption, minimal vacancy, and sustained rent growth. This vibrant economy and low-cost quality of life attract both businesses and individuals, fueling Fresno's projected 140,000 new jobs over the next decade.
The cold storage industry, poised for even greater expansion, presents a substantial growth opportunity. Valued at $100 billion globally, with an anticipated 12.1% growth rate through 2025, cold storage remains an in-demand sector, underscored by the absence of any modern freezer or cooler spaces currently available for lease in the Fresno submarket.
The facility boasts impeccable institutional-grade maintenance and ownership, with recent upgrades totaling close to $650,000, including epoxy flooring, freezer enhancements, LED lighting, and more. This ongoing commitment ensures a pristine and efficient operating environment.
Fresno's burgeoning market provides a compelling backdrop for this investment. As one of the fastest-growing industrial markets on the West Coast, Fresno exhibits vigorous absorption, minimal vacancy, and sustained rent growth. This vibrant economy and low-cost quality of life attract both businesses and individuals, fueling Fresno's projected 140,000 new jobs over the next decade.
The cold storage industry, poised for even greater expansion, presents a substantial growth opportunity. Valued at $100 billion globally, with an anticipated 12.1% growth rate through 2025, cold storage remains an in-demand sector, underscored by the absence of any modern freezer or cooler spaces currently available for lease in the Fresno submarket.
