Central California Logistics Hub | 3146 S Chestnut Ave
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Central California Logistics Hub 3146 S Chestnut Ave
524,298 SF Industrial Building Fresno, CA 93725 $87,578,751 CAD ($167 CAD/SF) 5% Cap Rate
Investment Highlights
- One-of-a-kind opportunity to purchase a 525,000-SF industrial warehouse across four buildings with an active on-site rail.
- 100% occupied by the owner/user for the last 30 years, a regional credit 3PL tenant that will provide stable cash flow through sale-leaseback.
- Ideal for large logistics with great fundamentals, the property features 1,100 panels of owned solar, 44 dock doors, and up to 28-foot clear heights.
- Central California Logistics Hub is easily accessible from Hwy 99 and 41, all within a 10-minute drive of the Fresno Yosemite International Airport.
- Reach over 40 million customers with next-day ground service to San Francisco, Los Angeles, San Diego, Las Vegas, Phoenix, Boise, and Portland.
- Fresno County has officially surpassed a population of 1 million in 2018 and is expected to grow faster (17.6%) than California (12.8%) by 2035.
Executive Summary
Owner/user opportunity with short term sale-leaseback option. The Central California Logistics Hub at 3146 S Chestnut Avenue is one of the most extensive industrial listings on the West Coast. Secured by a super-regional credit third-party logistics (3PL) tenant, the property offers investors stable and reliable cash flow through a short term sale-leaseback arrangement at a competitive market cap rate of 5%. This institutional-grade asset is ideal for large logistics use on a single- or multi-tenant basis.
Central California Logistics Hub spans over 525,000 square feet across four buildings. This industrial complex represents a cornerstone asset in the region's industrial landscape. With active rail service, the facility is ideally positioned to cater to diverse transportation needs, enhancing operational efficiency and scalability for users. The well-maintained property has been owner-occupied for 30 years. On-site hazmat and temperature-controlled portions of the warehouse and requisite fire and safety features allow for a range of on-site storage.
The property's interior loading bays and large elevated rail loading dock optimize inbound and outbound traffic for both rail and truck. The rail infrastructure and enhanced transportation options cater to the needs of logistics, manufacturing, and distribution tenants seeking seamless connectivity to national rail networks. With owned roof-mounted solar panels, the facility demonstrates a commitment to sustainable operations while offering potential cost-saving benefits for tenants, aligning with modern environmental and economic imperatives.
Situated in Fresno, a pivotal logistics hub in California's Central Valley, the property enjoys prime access to major highways, facilitating efficient distribution and transportation logistics for tenants serving regional and national markets. Fresno has a population of over 1 million, and the Central Valley, including Tulare and Kern, has a population of over 4.3 million. Fresno's industrial market is just over 88 million square feet, with industrial rates in the $8 PSF per year range over the last three years and year-over-year rental rate growth in the current year.
Central California Logistics Hub spans over 525,000 square feet across four buildings. This industrial complex represents a cornerstone asset in the region's industrial landscape. With active rail service, the facility is ideally positioned to cater to diverse transportation needs, enhancing operational efficiency and scalability for users. The well-maintained property has been owner-occupied for 30 years. On-site hazmat and temperature-controlled portions of the warehouse and requisite fire and safety features allow for a range of on-site storage.
The property's interior loading bays and large elevated rail loading dock optimize inbound and outbound traffic for both rail and truck. The rail infrastructure and enhanced transportation options cater to the needs of logistics, manufacturing, and distribution tenants seeking seamless connectivity to national rail networks. With owned roof-mounted solar panels, the facility demonstrates a commitment to sustainable operations while offering potential cost-saving benefits for tenants, aligning with modern environmental and economic imperatives.
Situated in Fresno, a pivotal logistics hub in California's Central Valley, the property enjoys prime access to major highways, facilitating efficient distribution and transportation logistics for tenants serving regional and national markets. Fresno has a population of over 1 million, and the Central Valley, including Tulare and Kern, has a population of over 4.3 million. Fresno's industrial market is just over 88 million square feet, with industrial rates in the $8 PSF per year range over the last three years and year-over-year rental rate growth in the current year.
Sale Flyer
Property Facts
Amenities
- Floor Drains
- Front Loading
- Signage
- Skylights
- USDA/FDA
- Reception
- Fiber Optic Internet
Utilities
- Lighting - Halogen
- Gas
- Water
- Sewer
- Heating
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
525,000 SF industrial warehouse and logistics facility. This property is also for sale as one of the most extensive industrial listings on the West Coast.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 25,000-524,298 SF | Industrial | Full Build-Out | 120 Days |
1st Floor
| Size |
| 25,000-524,298 SF |
| Space Use |
| Industrial |
| Condition |
| Full Build-Out |
| Available |
| 120 Days |
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1st Floor
| Size | 25,000-524,298 SF |
| Space Use | Industrial |
| Condition | Full Build-Out |
| Available | 120 Days |
525,000 SF industrial warehouse and logistics facility. This property is also for sale as one of the most extensive industrial listings on the West Coast.
DEMOGRAPHICS
Regional Accessibility
CITY
POPULATION
MILES
DRIVE TIME
San Jose
1,030,119
152
3 h 6 m
San Francisco
883,305
188
3 h 46 m
Los Angeles
3,990,456
217
4 h 5 m
San Diego
1,425,976
328
6 h 16 m
Las Vegas
644,644
396
7 h 23 m
Phoenix
1,660,272
588
10 h 46 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
546,449
Total Labor Force
255,475
Unemployment Rate
8.13%
Median Household Income
$56,002
Warehouse Employees
31,135
High School Education Or Higher
77.70%
$ values in USD
Nearby Amenities
Restaurants |
|||
|---|---|---|---|
| Jack In The Box | - | - | 18 min walk |
| Subway | - | - | 18 min walk |
Hotels |
|
|---|---|
| Holiday Inn Express |
85 rooms
7 min drive
|
| DoubleTree by Hilton |
321 rooms
11 min drive
|
PROPERTY TAXES
| Parcel Number | 331-071-13 | Improvements Assessment | $20,201,194 CAD |
| Land Assessment | $1,404,945 CAD | Total Assessment | $21,606,139 CAD |
PROPERTY TAXES
Parcel Number
331-071-13
Land Assessment
$1,404,945 CAD
Improvements Assessment
$20,201,194 CAD
Total Assessment
$21,606,139 CAD
zoning
| Zoning Code | M3, Fresno |
| M3, Fresno |
Sale Advisors
Sale Advisors
Chad Brock, President, Managing Principal
(661) 205-8011
Contact
Chad is a co-founder and managing principal of Lee & Associates Central California, whose offices cover the territory of Bakersfield, Fresno, Monterey, San Luis Obispo, and Santa Barbara. He specializes in industrial, office, land, development, and investment property. Throughout his 20-plus-year career, Chad has participated in over $1 billion in transaction value. He has sold over 66,000 acres of land and negotiated lease transactions on over 4 million square feet of industrial and commercial property, assisting private and institutional investors, Fortune 500 companies, and small businesses across Central California.
Prior to forming the Lee & Associates offices in Central California, Chad was VP of Development for Madison Commercial Development and an investment broker with McKinzie Commercial, its brokerage arm. He opened the NAI Global offices in Bakersfield in 2009 and then re-branded as Brock Realty Advisors in 2016.
Chad graduated from California Polytechnic State University of San Luis Obispo with a Bachelor of Science from the Orfalea School of Business. Chad holds an MBA from the Pepperdine Graziadio School of Business. He lives in Bakersfield, California with his wife of 13 years, two children and their dog.
Prior to forming the Lee & Associates offices in Central California, Chad was VP of Development for Madison Commercial Development and an investment broker with McKinzie Commercial, its brokerage arm. He opened the NAI Global offices in Bakersfield in 2009 and then re-branded as Brock Realty Advisors in 2016.
Chad graduated from California Polytechnic State University of San Luis Obispo with a Bachelor of Science from the Orfalea School of Business. Chad holds an MBA from the Pepperdine Graziadio School of Business. He lives in Bakersfield, California with his wife of 13 years, two children and their dog.
Mike Tingus, President
(818) 223-4380
Contact
Mike began his career in 1988 with The Seeley Company which then merged with Colliers International in 1998. Mike assumed the position of President of Lee & Associates-LA North/Ventura in January 2004 and, while holding the title of president, has ranked as one of the top producing brokers in the region each year. His expertise includes the sale and leasing of industrial, office and retail properties as well as land development throughout Southern California. Mike was appointed to the Initial Planning Commission for the City of Calabasas in 1993 and served on the commission for five, two-year terms, two of those years as chairman. His vast knowledge of the entitlement process puts him in the category that few brokers have had the privilege to obtain. Mike has successfully transacted in excess of 1,500 acres of development land sales and has sold or leased properties valued in excess of $5 billion over his career.
A consistent top producer, Mr. Tingus was named Broker of the Year in 2015 and ranked among the Top Five Producers in 2016, 2017 and 2018. He has served as president of Lee & Associates-LA North/Ventura since 1994. He spearheaded the growth of the company from a single office to four locations with sales and leasing revenues in excess of $650 million annually. He has also served on the management team of the Lee Group of Companies, playing a vital role in the company’s expansion from 20 to 54 nationwide offices. He has been recognized by the Pacific Coast Business Times and the San Fernando Valley Business Journal in their Who’s Who in Commercial Real Estate and Commercial Real Estate ‘Bests’ respectively on multiple occasions, most recently in 2017, 2018 and 2019.
A consistent top producer, Mr. Tingus was named Broker of the Year in 2015 and ranked among the Top Five Producers in 2016, 2017 and 2018. He has served as president of Lee & Associates-LA North/Ventura since 1994. He spearheaded the growth of the company from a single office to four locations with sales and leasing revenues in excess of $650 million annually. He has also served on the management team of the Lee Group of Companies, playing a vital role in the company’s expansion from 20 to 54 nationwide offices. He has been recognized by the Pacific Coast Business Times and the San Fernando Valley Business Journal in their Who’s Who in Commercial Real Estate and Commercial Real Estate ‘Bests’ respectively on multiple occasions, most recently in 2017, 2018 and 2019.
Grant Fulkerson, Principal
(818) 449-4401
Contact
Grant Fulkerson, SIOR is a Principal of Lee & Associates-LA North/Ventura Inc. specializing in the North Los Angeles and Ventura County markets. His expertise includes sales and leasing of industrial and R&D properties, as well as, land disposition and development. Mr. Fulkerson has successfully brokered over 700 deals in excess of 16,000,000 square feet valued at approximately $1 billion since joining Lee in 2004.
Mr. Fulkerson was appointed as the inaugural Managing Director of Lee & Associates’ Calabasas office in 2014 and served in that capacity until 2019. He also has served on the Board of Directors for 7 years. Early in his career at Lee, Mr. Fulkerson was honored as Rookie of the Year, Associate of the Year and was elevated to principal in 2010. He has earned induction into the President’s Circle of Excellence in multiple years and has ranked among the company’s Top 10 Producers in 2010, 2013 – 2023. In 2016, Mr. Fulkerson earned a Society of Industrial and Office Realtors (SIOR) designation, putting him in a group of only +/-3,000 practitioners worldwide to hold that designation. Included in his accolades are being recognized by the Pacific Coast Business Times in its Who’s Who in Commercial Real Estate rankings and “Top 40 Under 40” honors. He has been recognized among the “Best Brokers” in the San Fernando Valley Business Journal’s Commercial Real Estate Awards on numerous occasions and a CoStar “Power Broker”.
Mr. Fulkerson was appointed as the inaugural Managing Director of Lee & Associates’ Calabasas office in 2014 and served in that capacity until 2019. He also has served on the Board of Directors for 7 years. Early in his career at Lee, Mr. Fulkerson was honored as Rookie of the Year, Associate of the Year and was elevated to principal in 2010. He has earned induction into the President’s Circle of Excellence in multiple years and has ranked among the company’s Top 10 Producers in 2010, 2013 – 2023. In 2016, Mr. Fulkerson earned a Society of Industrial and Office Realtors (SIOR) designation, putting him in a group of only +/-3,000 practitioners worldwide to hold that designation. Included in his accolades are being recognized by the Pacific Coast Business Times in its Who’s Who in Commercial Real Estate rankings and “Top 40 Under 40” honors. He has been recognized among the “Best Brokers” in the San Fernando Valley Business Journal’s Commercial Real Estate Awards on numerous occasions and a CoStar “Power Broker”.
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Chad Brock -
Mike Tingus -
Grant Fulkerson -
Lee & Associates
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Central California Logistics Hub | 3146 S Chestnut Ave
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