golden state industrial park...metropolitan area. the city of fresno, which is less than 15 miles to...
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For Additional Information Please Contact:
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Ethan Smith, CCIMSenior Vice President - Industrial [email protected] BRE #01395349
Ron StoltenbergSenior Vice President - Industrial [email protected] BRE #00523898
Nick Audino, SIORSenior Vice President - Industrial [email protected] BRE #01231272
www.ngpearson.comFRESNO OFFICE: 7480 N Palm Ave Suite 101 Fresno CA 93711, T 559.432.6200 VISALIA OFFICE: 3447 S Demaree St Visalia CA 93277, T 559.732.7300 Independently Owned and Operated
Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor
is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.
G O L D E N S TAT E I N D U S T R I A L PA R K1 7 7 5 PA R K S T R E E T | S E L M A , C A L I F O R N I A
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Table of Contents
Signage Plan
Investment Opportunity
Location
Property Overview
Parcel Map
Current Tenants
Building Parcel Specifications
Market
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www.ngpearson.comFRESNO OFFICE: 7480 N Palm Ave Suite 101 Fresno CA 93711, T 559.432.6200 VISALIA OFFICE: 3447 S Demaree St Visalia CA 93277, T 559.732.7300 Independently Owned and Operated
Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor
is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.
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Signage Plan*
*Signage has been designed and priced.
www.ngpearson.comFRESNO OFFICE: 7480 N Palm Ave Suite 101 Fresno CA 93711, T 559.432.6200 VISALIA OFFICE: 3447 S Demaree St Visalia CA 93277, T 559.732.7300 Independently Owned and Operated
Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor
is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.
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Investment Opportunity
Golden State Industrial Park (GSIP) is a 33± acre, multi-building industrial and office project
located along Highway 99 in Selma, California.
Project Highlights:
• GSIP is one of the largest industrial and office parks in the area, consisting of 11 buildings
built from 1978-2002 totaling 346,771± square feet
• GSIP is conveniently located near a full interchange and has approximately 2,000± feet of
Highway 99 frontage
• The office buildings have recently been fully remodeled with over $850,000 in
improvements to building systems, lighting, landscaping, exterior lighting, drainage,
and amenities
• The industrial buildings have functional attributes required by a wide variety of assembly
and manufacturing occupants, including abundant electrical service, natural gas
distribution, ample loading doors, many types of cranes, recently certified roofs, and
ample land for outdoor storage
• 5± acres of undeveloped land allows for new construction to expand existing buildings
or construct new buildings
• Subdivision map (Map#2014-013) entitlement recorded by current owner in 2017
allows for the property to be sold as separate parcels
Golden State Industrial Park offers an owner the opportunity to receive reliable cash flow from
existing tenants while strengthening their cash position by either leasing or selling the vacant
spaces. GSIP is offered well below its estimated replacement cost of more than $21.6 million.
NOI
- Parcel 1
- Parcel 4
- Parcel 7 (Billboard)
Current Gross Revenue
Pricing
$521,472
$487,500 ($65.00 psf)
$4,746,000 ($38.00 psf)
$6,084 yearly
$628,224
Replacement Cost Analysis
- Parcel 3
- Parcel 6 (Billboard)
- Parcel 9
TOTAL
Stabilized NOI
- Parcel 2
- Parcel 5
- Parcel 8
$21,638,000
$3,091,680 ($38.00 psf)
$4,844 yearly
$5,209,160 ($32.44 psf) yearly
$13,940,721 ($40.20 psf)*
$1,250,000
$75,000
$331,381 ($4.25 psf)
Financial Summary for GSIP
*Total excludes parcels 6, 7, and 8
www.ngpearson.comFRESNO OFFICE: 7480 N Palm Ave Suite 101 Fresno CA 93711, T 559.432.6200 VISALIA OFFICE: 3447 S Demaree St Visalia CA 93277, T 559.732.7300 Independently Owned and Operated
Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor
is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.
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Location
Centrally Located Selma is centrally located between California major markets in northern and southern California, with access to two of the state’s major transportation corridors in Highway CA-99 and I-5.
Measure C Much of Fresno County’s road and highway improvements are funded by Measure C, a half-cent sales tax aimed at improving the overall quality of Fresno County’s transportation system. In its first 20 years, Measure C delivered more than $1 billion of improvements to state highways and county roadways, including the building of additional lanes to freeways throughout the County including the expanses of Highway 99 that is adjacent to Golden State Industrial Park. As a result of the successful original measure, Fresno County voters chose to extend Measure C for an additional 20 years.
Source: Fresno County EDC
CALIFORNIA
Bakersfield
San Diego
Los Angeles Riverside
San Bernardino
San FranciscoStockton
Modesto
SACRAMENTO
MercedSan Jose
Oakland
Madera
US99US
101
US
I-5
US80
US15
US10
US40
US
8
US99
US
I-5
US
I-5
TulareVisalia
LemooreHanford
Coalinga
Major National Highway
(labeled)Regional Connecting Freeway
(unlabeled)
FresnoSelmaSelma
www.ngpearson.comFRESNO OFFICE: 7480 N Palm Ave Suite 101 Fresno CA 93711, T 559.432.6200 VISALIA OFFICE: 3447 S Demaree St Visalia CA 93277, T 559.732.7300 Independently Owned and Operated
Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor
is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.
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Seattle
Portland
Boise
Sacramento
San Francisco
Los Angeles
San Diego
Reno
Phoenix
Tucson
Albuquerque
Denver
Salt LakeCity
Las VegasFRESNO
Seattle
Portland
Boise
Sacramento
San Francisco
Los Angeles
San Diego
Reno
Phoenix
Tucson
Denver
Salt LakeCity
Las VegasFRESNO
Due to Selma’s unique location in the middle of the state, FedEx, UPS, and OnTrac can reach all of California’s major market within 1 day with their standard ground shipping, guaranteed. OnTrac even has the ability to reach the entire west coast with their standard ground shipping service.
Source: Fresno County EDC
Reach over 38 million customers with guaranteed next-day ground service, without the additional cost of expedited shipping.
City Mileage
Port MileageSan Francisco Bay Area 140
Stockton 116Sacramento 145
Oakland 165Reno 285
Las Vegas 385
Los Angeles 192
LA/Long Beach 241San Diego 315
Phoenix 580
Distances to Other Ports of Entry
Ground Package Delivery Transit Days from Fresno/Selma
Las Vegas
Seattle
Portland
Boise
Sacramento
San Francisco
Los Angeles
San Diego
Reno
Phoenix
Tucson
Albuquerque
Denver
Salt LakeCity
FRESNO
FedEx
UPS OnTrac
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Transit Days
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Location
www.ngpearson.comFRESNO OFFICE: 7480 N Palm Ave Suite 101 Fresno CA 93711, T 559.432.6200 VISALIA OFFICE: 3447 S Demaree St Visalia CA 93277, T 559.732.7300 Independently Owned and Operated
Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor
is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.
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Selma Story Selma is in Central California and is home to over 23,000 people. Often called the Raisin Capital of the World, Selma offers a small-town lifestyle with the amenities of a larger metropolitan area. The City of Fresno, which is less than 15 miles to the north, is the 5th largest city in California. Selma is considered part of the Fresno trade area and employers can draw from a large pool of labor and businesses are able to sell to a region with over one million people. Additionally, Selma benefits from its proximity to the region’s primary north-south highway, Highway 99, which connects Selma with numerous cities throughout California. More information about Selma can be found at: http://www.cityofselma.com/ Selma’s Major Employers:• Dragados Flatiron Partnership• Selma Unified School District• Selma Auto Center• Xtreme Manufacturing (located at Golden State Industrial Park)• Adventist Medical Center• Quinn Caterpillar• Guardian Industries• Harris Ranch Beef Co.
Selma is in Fresno County, which has over 1,000,000 residents, and is the economic and cultural center for the region. Employers in Fresno County benefit from a large labor pool as well as many incentive programs to encourage new hiring, training and expansion. Some of the incentive programs include PG&E’s enhanced economic development rate (EDR), New Employment Opportunity (NEO) program, as well as numerous tax credit opportunities.
More information about Fresno County can be found at: http://fresnoedc.com/
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99
4143
17.3 milesfrom Fresno
27.7 milesfrom Visalia
Location
www.ngpearson.comFRESNO OFFICE: 7480 N Palm Ave Suite 101 Fresno CA 93711, T 559.432.6200 VISALIA OFFICE: 3447 S Demaree St Visalia CA 93277, T 559.732.7300 Independently Owned and Operated
Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor
is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.
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Property Overview
Address: 1775 Park St., Selma, CA
Improvements: 346,771± SF
Property Size: 33± acres
Zoning: M-2 (Heavy Industrial)
Electric: Provided by PG&E
Natural Gas: Provided by PG&E
Telecommunications: AT&T fiber to site
Sewer and Water: Selma-Kingsburg-Fowler County Sanitation District (http://www.skfcsd.org/)
Parcel Map: #2014-013 completed in 2017
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Parcel Number
www.ngpearson.comFRESNO OFFICE: 7480 N Palm Ave Suite 101 Fresno CA 93711, T 559.432.6200 VISALIA OFFICE: 3447 S Demaree St Visalia CA 93277, T 559.732.7300 Independently Owned and Operated
Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor
is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.
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M A P L E G E N D
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Parcel Map
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Building 87
Fenced yard
Buildings 79, 79P, & 84
Buildings 82 & 83
Undeveloped parcel area
Billboard
Billboard
Ponding Basin
Buildings 75, 75A, 76, 77, 78, 80, 81, & 88
www.ngpearson.comFRESNO OFFICE: 7480 N Palm Ave Suite 101 Fresno CA 93711, T 559.432.6200 VISALIA OFFICE: 3447 S Demaree St Visalia CA 93277, T 559.732.7300 Independently Owned and Operated
Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor
is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.
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Parcel Map
A P N s
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390-111-21
390-111-22
390-111-23
390-111-24
390-111-25
390-111-26
390-111-26
390-111-26
390-111-27
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www.ngpearson.comFRESNO OFFICE: 7480 N Palm Ave Suite 101 Fresno CA 93711, T 559.432.6200 VISALIA OFFICE: 3447 S Demaree St Visalia CA 93277, T 559.732.7300 Independently Owned and Operated
Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor
is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.
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Current Tenants
Buildings 75, 75A and 76 at GSIP are occupied by Dragados Flatiron Partnership
(DFP), which is the prime contractor for the California High Speed Rail Segments
2 and 3. This portion of the California High Speed Rail project is expected to cost
more than $1.5 billion and has been funded. DFP occupies 32,586± square feet
of office space. Buildings 75 and 75A are office buildings that were renovated in
2016 and received over $750,000 of capital improvements, including new floor
coverings, updated restrooms, and remodeled offices and conference rooms. DFP
recently expanded into Building 76, which has also undergone an over $200,000
renovation and remodel to accommodate DFP’s rapid employee growth. Given the
nature of large, complicated public works projects it would not be surprising to see
DFP continue to expand at GSIP and/or eventually extend its tenancy, particularly
given their large capital investment in the facilities.
More information about Dragados Flatiron can be found at: http://www.dfcp23.com/
More information about the California High Speed Rail project can be found at: http://www.hsr.ca.gov/About/
Building 84, which is 4,000± square feet, was leased to SCST, Inc. in late 2016.
This building is a free-standing warehouse that was recently remodeled at a cost
in excess of $70,000. Small, free-standing warehouses like this building are
typically in great demand and achieve appreciably higher rental rates compared to
multi-tenant buildings. SCST, Inc. is a regional engineering firm that utilizes GSIP to
service local clients, including DFP and its subcontractors.
More information about SCST, Inc. can be found at: http://www.scst.com/
Buildings 82 and 83 are well-maintained manufacturing buildings fully occupied by
Xtreme Manufacturing. Xtreme is a 15+ year old company that provides
proprietary equipment to Ahern Rentals as well as other construction-related
businesses. Xtreme has occupied space at GSIP for more than 15 years and is one
of Selma’s largest employers. The buildings feature functional office space,
numerous restrooms, paint booths, ovens and many types of cranes.
Additionally, these buildings have ample electrical service that is typically required
by manufacturing-related users along with numerous heavy-duty cranes, features
that are very costly and time-consuming to upgrade to replicate in other buildings.
Xtreme has also recently installed automated CNC machines, robots and laser
cutters to increase production and enhance productivity.
Xtreme and the landlord are in preliminary discussions regarding a potential
lease extension.
More information about Xtreme can be found at: https://www.xmfg.com/
More information about Ahern Rentals can be found at: http://www.ahern.com/
Additionally, there are two billboards located on the west side of the property
that are leased to CBS Outdoor Inc. that generate over approximately $11,000 of
income per year.
Please contact marketing team for more information about each tenant
and their leases.
www.ngpearson.comFRESNO OFFICE: 7480 N Palm Ave Suite 101 Fresno CA 93711, T 559.432.6200 VISALIA OFFICE: 3447 S Demaree St Visalia CA 93277, T 559.732.7300 Independently Owned and Operated
Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor
is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.
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Building/Parcel Specifications Parcel 1 – Building 87Hard-to-find, free-standing, 7,500± SF warehouse on a
0.95± acre parcel. The building has four dock positions
and three grade level doors. Entire property is
perimeter fenced and secured. Office area is 750± SF
and has a large open room and two restrooms.
Building was recently renovated and roof is in good
condition. Parcel 2, which is 0.32± acres, is adjacent
to Parcel 1 and is available to expand outdoor storage
area for Parcel 1.
Building Size: 7,500± SF
Parcel Size: 0.95± acre
Clear Height: 16’
Electrical Service: 400+ AMP; 480V; 3 phase
Fire Sprinklers: Yes
Gas Heaters: Yes
Evaporative Coolers: Yes
Dock Doors: 4
Grade Level Doors: 4
Construction: Steel frame
APN: 390-11-21
Total Price: $487,500 ($65.00 psf)
www.ngpearson.comFRESNO OFFICE: 7480 N Palm Ave Suite 101 Fresno CA 93711, T 559.432.6200 VISALIA OFFICE: 3447 S Demaree St Visalia CA 93277, T 559.732.7300 Independently Owned and Operated
Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor
is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.
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Building/Parcel Specifications Parcel 2 – Out ParcelThis parcel may be utilized for additional parking or
storage by the users of Building 87 or Buildings 79 and
79P. The parcel is fenced and almost completely paved.
There is an open-sided building on this parcel.
Alternatively, this parcel may provide additional
access to Golden State Boulevard (pending approval
by City of Selma).
Parcel Size: 0.32± acres
APN: 390-11-22
Total Price: $75,000
www.ngpearson.comFRESNO OFFICE: 7480 N Palm Ave Suite 101 Fresno CA 93711, T 559.432.6200 VISALIA OFFICE: 3447 S Demaree St Visalia CA 93277, T 559.732.7300 Independently Owned and Operated
Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor
is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.
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Parcel 3 – Buildings 79, 79P and 84Three buildings totaling 71,360± SF on a 4.85± acre
parcel. Each building is well-suited for manufacturing
or light industrial uses. The buildings are in very good
condition and feature grade level loading and ample
area for outdoor storage. Building 84, which is 4,000±
SF, is currently leased to SCST, Inc.
Parcel Size: 4.85± acres
APN: 390-11-23
Total Price: $3,091,680 ($38.00 psf)
Building 79:
Building Size: 38,400± SF
Clear Height: 20’
Grade Level Doors: 15
Electrical Service: 800 AMP; 480V; 3 phase
Fire Sprinklers: Yes
Restrooms: Yes
Lighting: Fluorescent
Gas Heaters: Yes
Evaporative Coolers: Yes
Cranes: (11)2 ton bridge cranes
(2) mono-rail cranes
(1) jib crane
Occupancy: Vacant. Can be combined
with Building 79P.
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79P 79
Building/Parcel Specifications
www.ngpearson.comFRESNO OFFICE: 7480 N Palm Ave Suite 101 Fresno CA 93711, T 559.432.6200 VISALIA OFFICE: 3447 S Demaree St Visalia CA 93277, T 559.732.7300 Independently Owned and Operated
Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor
is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.
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Parcel 3 – Buildings 79, 79P and 84
Building 79P
Building Size: 28,800± SF
Clear Height: 22’
Grade Level Doors: 3
Electrical Service: 2,000 AMP; 480V; 3 phase
Fire Sprinklers: Yes
Restrooms: Yes
Gas Heaters: Yes
Evaporative Coolers: Yes
Occupancy: Vacant. Can be combined
with Building 79.
Building 84
Over $70,000 was recently spent renovating the
building, including the offices, restrooms, and electrical
systems and evaporative coolers.
Building Size: 4,160± SF
Clear Height: 16’
Grade Level Doors: 1
Electrical Service: 200 AMP; 480V; 3 phase
Office Area: Yes. Recently renovated
Restrooms: Yes. Recently renovated
Gas Heaters: Yes
Evaporative Coolers: Yes (new units)
Occupancy: Currently fully occupied by
SCST, Inc. Lease information
available upon request.
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84
79P
79P79
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Building/Parcel Specifications
www.ngpearson.comFRESNO OFFICE: 7480 N Palm Ave Suite 101 Fresno CA 93711, T 559.432.6200 VISALIA OFFICE: 3447 S Demaree St Visalia CA 93277, T 559.732.7300 Independently Owned and Operated
Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor
is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.
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Parcel 4 – Buildings 82 and 83Buildings 82 and 83 are modern manufacturing
buildings completely occupied by Xtreme
Manufacturing. The buildings total 112,980± SF and
are on an 8.39± acre parcel. The parcel has excellent
Highway 99 frontage/visibility that can provide an
occupant with valuable branding and exposure.
Also, the parcel has ample paved area for employee
parking, outdoor storage, or expansion.
Parcel Size: 8.39± acres
APN: 390-11-24
Total Price: $4,746,000 ($42.00 psf)
Building 82
Building Size: 80,000± SF
Clear Height: 20’
Grade Level Doors: 19
Electrical Service: 3,000 AMP; 480V; 3 phase
Fire Sprinklers: Yes
Office Area: Yes
Restrooms: Yes
Cranes*: (9) 1/2 ton jibs
(1) 1 ton jib
(1) 1/4 ton jib
(2) 1 ton jibs
(14) 2 ton bridges
(1) 3 ton bridge
*Subject to verification (2) 5 ton bridges
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Building/Parcel Specifications
www.ngpearson.comFRESNO OFFICE: 7480 N Palm Ave Suite 101 Fresno CA 93711, T 559.432.6200 VISALIA OFFICE: 3447 S Demaree St Visalia CA 93277, T 559.732.7300 Independently Owned and Operated
Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor
is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.
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Parcel 4 – Buildings 82 and 83
Building 82 (continued)Gas Heaters: Yes
Evaporative Coolers: Yes
Occupancy: Fully occupied by Xtreme
Manufacturing, LLC.
Lease information available
upon request.
Building 83
Building Size: 32,980± SF
Clear Height: 20’
Grade Level Doors: 8
Electrical Service: 1,100 AMP; 480V; 3 phase
Fire Sprinklers: Yes
Office Area: Yes
Restrooms: Yes
Cranes*: (2) 1/2 ton monorails
Paint Booths: Yes
Powder Coating Booths: Yes
Gas Heaters: Yes
Evaporative Coolers: Yes
Occupancy: Fully occupied by Xtreme
Manufacturing, LLC.
*Subject to verification
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Building/Parcel Specifications
www.ngpearson.comFRESNO OFFICE: 7480 N Palm Ave Suite 101 Fresno CA 93711, T 559.432.6200 VISALIA OFFICE: 3447 S Demaree St Visalia CA 93277, T 559.732.7300 Independently Owned and Operated
Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor
is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.
18
Parcel 5 – Undeveloped AreaThis parcel is a paved area at the northwest corner of
GSIP. Currently, the parcel is used by DFP for employee
and contractor parking, but the Landlord has the right
to relocate. In the future the parcel may be developed
for a higher and better use, including light industrial or
service commercial. The parcel’s visibility from
Highway 99 may be beneficial to future tenants
and/or users.
Parcel Size: 1.81± acres
APN: 390-11-25
Total Price: $331,381 ($4.25 psf)
T R A F F I C VO L U M E
Source: Sitewise 2017
Approximately 9,156± cars travel on 2nd Street dailyApproximately 66,352± cars travel on Highway 99 daily
Building/Parcel Specifications
www.ngpearson.comFRESNO OFFICE: 7480 N Palm Ave Suite 101 Fresno CA 93711, T 559.432.6200 VISALIA OFFICE: 3447 S Demaree St Visalia CA 93277, T 559.732.7300 Independently Owned and Operated
Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor
is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.
19
Parcels 6 and 7 – BillboardsThese parcels are individual dual-sided billboards
leased to CBS Outdoor. Leases expire in 2021 and may
offer an opportunity to increase cash flow due to the
scarcity of billboards along Highway 99 and the
inability to develop more billboards in
a high-traffic area.
Current Revenue: $10,928 per year
- Parcel 6 $4,844 per year
- Parcel 7 $6,084 per year
T R A F F I C VO L U M E
Source: Sitewise 2017
Approximately 9,156± cars travel on 2nd Street dailyApproximately 66,352± cars travel on Highway 99 daily
Building/Parcel Specifications
6
7
www.ngpearson.comFRESNO OFFICE: 7480 N Palm Ave Suite 101 Fresno CA 93711, T 559.432.6200 VISALIA OFFICE: 3447 S Demaree St Visalia CA 93277, T 559.732.7300 Independently Owned and Operated
Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor
is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.
20
Parcel 8 – Ponding BasinThere is a plan underway to add a drainage pipe to Park
Street which would enable the owner of the property to
reorient the drainage towards Park Street in selected
acres and reclaim this ponding basin for development.
This parcel has excellent exposure to Highway 99.
Parcel Size: 1.06± acres
APN: 390-11-26
Building/Parcel Specifications
www.ngpearson.comFRESNO OFFICE: 7480 N Palm Ave Suite 101 Fresno CA 93711, T 559.432.6200 VISALIA OFFICE: 3447 S Demaree St Visalia CA 93277, T 559.732.7300 Independently Owned and Operated
Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor
is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.
21
Parcel 9 – Buildings 75, 75A, 76, 77, 78, 80, 81, & 88Parcel 9 consists of eight buildings.
Parcel Size: 11.58± acres
APN: 390-11-27
Total Price: $5,209,160
Buildings 75 and 75A:
These buildings are connected and currently fully
occupied by Dragados Flatiron Partnership as well as
administrative staff for the California High-Speed Rail
Authority. It is possible to separate the spaces into two
units, which allows for flexibility when re-leasing the
spaces. The floor plan has many private offices,
conference rooms, break rooms, restrooms and ample
open space. There are over 170 parking stalls.
The property has recently received major investment
by the tenant and owner of over $750,000, including
ADA upgrades and new HVAC systems.
Size: 26,000± SF
Restrooms: Yes
Sprinklers: Yes
Telecommunications: AT&T fiber
75
81
77
75A
88
78
76
80
Building/Parcel Specifications
www.ngpearson.comFRESNO OFFICE: 7480 N Palm Ave Suite 101 Fresno CA 93711, T 559.432.6200 VISALIA OFFICE: 3447 S Demaree St Visalia CA 93277, T 559.732.7300 Independently Owned and Operated
Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor
is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.
22
Parcel 9 – Buildings 75, 75A, 76, 77, 78, 80, 81, & 88
Building 76:
Free-standing two-story office building that is fully
occupied by DFP. This building recently underwent an
extensive remodel to accommodate DFP’s growth.
New HVAC systems, restrooms, floor coverings and
paint were part of the remodel. In the future, this
building may be leased separately from the other
buildings on this parcel or it can be included with
Building 77 since there is a breezeway that connects
the two buildings.
Size: 6,586± SF
Restrooms: Yes
Sprinklers: Yes
Telecommunications: AT&T fiber
Occupancy: Leased to DFP.
Building/Parcel Specifications
www.ngpearson.comFRESNO OFFICE: 7480 N Palm Ave Suite 101 Fresno CA 93711, T 559.432.6200 VISALIA OFFICE: 3447 S Demaree St Visalia CA 93277, T 559.732.7300 Independently Owned and Operated
Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor
is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.
23
Parcel 9 – Buildings 75, 75A, 76, 77, 78, 80, 81, & 88
Building 77:
Free-standing manufacturing building that is
well-suited for heavy industrial users as well as many
types of assembly-related businesses. The roof on this
building is in good condition. Ample paved land for
outdoor storage and/or parking.
Size: 90,000± SF
Office Space: 4,000± SF
Restrooms: Yes
Sprinklers: Yes
Electrical Service: 3,100 AMP; 277/480V; 3 phase
Natural Gas: Yes
Gas Heaters: Yes
Evaporative Coolers: Yes
Dock Doors: 3
Grade Level Doors: 14
Cranes: (13) half-ton jib cranes
(1) half-ton mono-rail crane
(1) one-ton mono-rail crane
(1 ) two-ton mono-rail crane
(14) two-ton bridge cranes
(1) three-ton bridge crane
Occupancy: Vacant
77
Building/Parcel Specifications
www.ngpearson.comFRESNO OFFICE: 7480 N Palm Ave Suite 101 Fresno CA 93711, T 559.432.6200 VISALIA OFFICE: 3447 S Demaree St Visalia CA 93277, T 559.732.7300 Independently Owned and Operated
Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor
is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.
24
Parcel 9 – Buildings 75, 75A, 76, 77, 78, 80, 81, & 88
Building 78:
Building Size: 38,000± SF
Clear Height: 20’
Grade Level Doors: 7
Electrical Service: 400+ AMP; 480V; 3 phase
Fire Sprinklers: Yes
Restrooms: Yes
Gas Heaters: Yes
Evaporative Coolers: Yes
Cranes: (1) half-ton jib crane
(1) one-ton bridge crane
Occupancy: Vacant
Building 88:
This building is a 6,357± SF open-sided structure that
can be used by the occupants of Parcel 9 to store
materials. It may be possible to enclose this building.
This building is easily visible from Highway 99.78
88
Building/Parcel Specifications
www.ngpearson.comFRESNO OFFICE: 7480 N Palm Ave Suite 101 Fresno CA 93711, T 559.432.6200 VISALIA OFFICE: 3447 S Demaree St Visalia CA 93277, T 559.732.7300 Independently Owned and Operated
Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor
is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.
25
Market Fresno County Workforce
Current labor and industry information along with occupational industry projections for the Fresno Metropolitan Statistical Area (MSA)
Fresno County Labor Force 445,800
Employed 404,200
Unemployed 41,600
Unemployment RateCalifornia Employment Development Department, November 2016
California Employment Development Department, November 2016
California Employment Development Department, Employment Projections by Industry and Occupation, February 2015
California Employment Development Department, Employment Projections by Industry and Occupation, February 2015
9.3%
Industry Nov ‘16
Employed Nov ‘15
EmployedYOY
ChangeYOY
Change (%)
Industry
Occupational Title
Total, AllIndustries
378,900 372,900 6,000 1.6%
Rank
RankSOC Code
Total Farm 40,400 40,500 (100) -0.2%
Manufacturing 25,900 25,300 600 2.4%
Educational &Business Services 63,600 62,700 900 1.4%
Mining &Lodging
300 300 0 0.0%
Information 3,800 3,900 (100) -2.6%
Other Services 11,700 11,600 100 0.9%
Total Non-Farm 338,500 332,400 6,100 1.8%
Trade, Trans., & Utilities
68,300 67,200 1,100 1.6%
Leisure &Hospitality
31,600 31,500 100 0.3%
Construction 15,100 14,800 300 2.0%
Construction
Personal Care & Service Occupations
Educational Services, Health Care, & Social Assistance
Architecture & Engineering Occupations
Leisure & Hospitality
Healthcare Support Occupations
Professional & Business Services
Construction & Extraction Occupations
Financial Activities
Computer & Mathematical Occupations
% Growth
% Growth
37.7%
38.0%
31.9%
35.4%
22.1%
26.0%
31.4%
32.2%
19.5%
24.8%
1
1 39-0000
2
2 17-0000
4
4 31-0000
3
3 47-0000
5
5 15-0000
Professional & Business Services 31,000 31,400 (400) -1.3%
FinancialActivities
13,600 13,100 500 3.8%
Government 73,600 70,600 3,000 4.2%
Industry Employment - Fresno MSATop 5 Projected Growth Occupations by Occupational Classification
- Fresno MSA (2012-2022)
Top 5 Projected Growth Industries by Employment - Fresno MSA (2012-2022)
www.ngpearson.comFRESNO OFFICE: 7480 N Palm Ave Suite 101 Fresno CA 93711, T 559.432.6200 VISALIA OFFICE: 3447 S Demaree St Visalia CA 93277, T 559.732.7300 Independently Owned and Operated
Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor
is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.
26
Occupational Title
Fresno MSA
Fresno MSA
Fresno MSA
Fresno, CA
Fresno MSA
Fresno MSA
Fresno MSA
Fresno, CA
# Employed
330
7,900
2,330
2,120
-
480
4,590
5,180
Median HourlyWage
$36.70
$14.57
$12.82
$12.43
$15.87
$23.71
$12.21
$11.01
Average HourlyWage
$40.75
$15.34
$14.01
$13.97
$15.41
$26.63
$13.72
$12.43
Average AnnualWage
$84,754
$31,918
$29,145
$29,044
$32,062
$55,388
$28,531
$25,845
OccupationCode
Transportation, Storage, and Distribution Managers
Office Clerks, General
Shipping, Receiving, and Traffic Clerks
Industrial Truck and Tractor Operators (including forklift drivers)
Order Clerks
Transportation and Material-Moving Supervisors
Stocks Clerks and Order Fillers
Laborers and Material Movers
11-3071
43-9061
43-5071
53-7051
43-4151
53-1031
43-5081
53-7062
Fresno MSA - Occupational Wage Estimates Q1 2016
California Employment Development Department, Occupational Wages Estimates
Market
www.ngpearson.comFRESNO OFFICE: 7480 N Palm Ave Suite 101 Fresno CA 93711, T 559.432.6200 VISALIA OFFICE: 3447 S Demaree St Visalia CA 93277, T 559.732.7300 Independently Owned and Operated
Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor
is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.
27
Selected Fresno County Development Projects:Community Medical CentersClovis Cancer Center: Clovis Community Medical Center is planning a $65 million facility for cancer hospital. The 100,000± square foot facility will be one of a kind in the valley. The goal of the Cancer Center is to consolidate all of Community’s outpatient cancer services to the new facility and will conduct research with UCSF.
Community Regional Medical Center: A five-story, 180,000± square foot pediatric office building in Downtown Fresno. The more than $1 billion expansion will feature pediatric sub-specialists and outpatient services. The expansion should be completed by the end of summer 2017. California Health Sciences University (CHSU): CHSU’s announced plans to build their 826,000± square foot permanent medical school campus on 70 acres of land at the Clovis Research & Technology Park. The $250 million campus will eventually have 2,000-3,000 students and a staff of 300-400. This new university is planning to open the new campus in 2019. Fowler Pediatric Care Medical Plaza: Valley Children’s Hospital and Adventist Health formed a partnership to build a $10 million medical plaza in the City of Fowler with an aim of improving pediatric rural health care services. The planned 16 acre state-of the art pediatric care facility, located adjacent to State Highway 99, is scheduled to open in the early part of 2018.
High-Speed Rail: The nation’s first ever high-speed rail project broke ground in Downtown Fresno in January 2015. Phase 1 of the $64 billion California High-Speed Rail (HSR) project will connect San Francisco and Los Angeles through the San Joaquin Valley with passenger trains traveling up to 220 miles per hour. The first operational segment is expect to be completed by 2025 and Phase 1 by 2029. Construction of the system is currently underway in Fresno and Madera.
Downtown Fresno Station: Downtown Fresno has been designated as the location for the rail station serving Fresno and Madera Counties. The station will be located at Mariposa and H Streets and construction of the station could begin as soon as 2017. The City of Fresno in partnership with the California HSR Authority is developing a master plan to include station area designs, market feasibility analysis, a real estate development strategy, an infrastructure and financing plan, and transportation integration plan. The Fresno Station will support and further advance Downtown Fresno’s current revitalization efforts.
The Square at Campus Pointe: $260 million, 45 acre mixed-use development project at Fresno State. A public private partnership development, at full build out, Campus Pointe will have over 1 million± SF of space. Currently 250,000± square feet of retail space has been constructed with anchor tenant Maya Theaters opening in April of 2015. Future phases of the project call for office buildings, a hotel, and a senior housing project.
Source: Fresno County EDC
Market Business Activity
www.ngpearson.comFRESNO OFFICE: 7480 N Palm Ave Suite 101 Fresno CA 93711, T 559.432.6200 VISALIA OFFICE: 3447 S Demaree St Visalia CA 93277, T 559.732.7300 Independently Owned and Operated
Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor
is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.
28
Selected Fresno County Development Projects (continued):The Fulton Street Reconstruction Project: The Fulton Mall was one of the nation’s first pedestrian malls constructed. Built in 1964, the mall converted Downtown Fresno’s “main” street into a pedestrian only mall. The mall and surrounding buildings have suffered from neglect for decades. The City of Fresno is planning a $20 million project to re-open the mall to vehicle traffic in an effort to help revitalize one of Fresno’s historic districts. Construction has began and will be completed in Spring 2017 .
Warehouse Row Project: $13 million renovation of the historic Warehouse Row buildings in Downtown Fresno. Nearly completed, project consists of 220,000± square feet of commercial office space.
Clovis Centennial Plaza: Completed in the Spring of 2015, the 7,500± square foot Clovis Centennial Plaza is located in Old Town Clovis in Clovis, CA. The next phase of the project will include the construction of two retail and office buildings adjacent to the plaza that will total 31,000± square feet of new retail and office space. Construction will begin in early 2016. Clovis Centennial Plaza information.
Hotel Fresno: $23 million renovation project of Downtown Fresno’s historic Hotel Fresno. When complete, the seven-story building will consist of 79 residential apartment units. Renovations are expected to begin in 2016. GV Urban: GV Urban of Granville Homes, a major residential developer in Fresno, is Granville’s urban development division focused on new, preservation, and revitalization residential development projects in Downtown Fresno. In just the past couple of years GV Urban has completed 7 residential mixed-use projects in Downtown Fresno, with another nearing completion. The eight projects total to nearly 270 multi-family housing units along with an additional 15,000± square feet of retail/commercial space. GV Urban has plans for new projects as Downtown Fresno’s revitalization continues to expand.
Boardwalk at Palm Bluffs: New 74,000± square foot office complex development located in north Fresno. The new development is part of the larger Palm Bluffs Corporate Center project, which includes 1.7 million± SF of existing occupied commercial office space.
The Marketplace at El Paseo: 45 acre retail development project located in northwest Fresno. Phase 1 of the projecthas been completed, which consists of 400,000± square feet of retail space. Phase 2, an additional 350,000± square feet of retail space is currently under construction.
Hotel Projects: There are six hotel projects in the Fresno/Clovis area that have reached the permitting process. Clovis, CA• 79 unit hotel located near Shaw Ave and Clovis Ave.• 114 unit hotel located on Shaw Ave east of CA-168.Fresno, CA• 92 unit hotel located on West Shaw Ave east of CA-99.• 100 unit hotel near Herndon Ave and CA-41 with 6,200± SF event center. • 92 unit hotel located just south of Fresno-Yosemite International Airport.• 152 unit hotel to be located in the Campus Pointe development at Fresno State
Source: Fresno County EDC
Market Business Activity
www.ngpearson.comFRESNO OFFICE: 7480 N Palm Ave Suite 101 Fresno CA 93711, T 559.432.6200 VISALIA OFFICE: 3447 S Demaree St Visalia CA 93277, T 559.732.7300 Independently Owned and Operated
Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor
is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.
29
THE FRESNO YOSEMITE INTERNATIONAL AIRPORT (FYI)
The Fresno Yosemite International Airport is
located approximately six air miles northeast of
downtown Fresno. FYI currently has direct jet
service to Los Angeles, San Francisco, San Diego,
Portland, Seattle, Las Vegas, Phoenix, Denver,
Salt Lake City, Dallas/Fort Worth, Honolulu, and
Guadalajara, Mexico. Local residents appreciate
the ease of getting in and out of the Fresno Air-
port compared to other terminals in our nation.
A newly expanded terminal will enhance service even further.
FREIGHT RAIL Freight Rail is one of the most viable transportation options for the Fresno
County manufacturing and
distribution/warehousing
industries. Fresno County is
served by Union Pacific (UP),
BNSF, and San Joaquin Valley
Railroad, which provides
service to both UP & BNSF
lines.
HIGH-SPEED RAIL The nation’s very first
high-speed rail project
broke ground in
downtown Fresno in
January 2015.
Our region will now mark
the starting point of a
high-speed rail network
that will one day span the
entire state, beginning
with the first operational
segment between the San Joaquin Valley and Los Angeles, before
advancing to a 500 mile system connecting San Francisco to Los
Angeles. Phase 2 of the project calls for extensions to Sacramento
and San Diego to complete the entire 800 mile system.
Already, the design and right-of-way phases of the first high-speed
rail segment have resulted in hundreds of hours of employment
and millions of dollars in contracts for local businesses. Some of
the strongest voices in Fresno County government, business, and
civic leadership, have joined a regional partnership called Fresno
Works to bring the planned High-Speed Rail Operations and Heavy
Maintenance Facility (HMF) to Fresno. In addition, training and
educational programs are gearing up to provide a skilled workforce
for high-speed rail construction, operations, and maintenance.
Market Transportation
www.ngpearson.comFRESNO OFFICE: 7480 N Palm Ave Suite 101 Fresno CA 93711, T 559.432.6200 VISALIA OFFICE: 3447 S Demaree St Visalia CA 93277, T 559.732.7300 Independently Owned and Operated
Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor
is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.
30
The most significant factor contributing to Fresno County’s affordable cost of living is
affordable housing. The relatively low cost of housing in Fresno County attracts many
new residents to the region. These new residents arrive from all parts of the country
but especially from California’s large metropolitan areas. As the rebound effect from
the housing market lows of the Great Recession begin to fade, real estate markets
increasingly depend on strong fundamentals to drive sustainable housing activity. The
Fresno housing market possesses these strong fundamentals; solid job growth, low
vacancy rate, a market not overvalued, and affordability, amongst other factors. Thanks
to the presence of these fundamentals, the Fresno housing market was ranked as the
healthiest in the United States entering 2016 according to a report issued by mortgage
industry leader Freddie Mac.
The Fresno metropolitan area ranks #1 as the healthiest housing market in the U.S.- Multi-Indicator Market Index ® Freddie Mac“ “
Median Sales Price of Homes SoldNovember 2015
Region Median Price
Fresno County $242,000
Long Beach $478,000
Clovis $298,000
Los Angeles $682,000
Alameda County $663,000
Elk Grove $380,000
Oakland $567,500
San Francisco $1,050,000
San Jose $720,000
Fresno $220,000
Sacramento County $310,000
Berkeley $832,000
Sacramento $275,000
Los Angeles County $525,000
Santa Clara County $829,500
Sunnyvale $1,172,000
California Home Sale Activity by City, CoreLogic, September 2016
Market Housing
www.ngpearson.comFRESNO OFFICE: 7480 N Palm Ave Suite 101 Fresno CA 93711, T 559.432.6200 VISALIA OFFICE: 3447 S Demaree St Visalia CA 93277, T 559.732.7300 Independently Owned and Operated
Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor
is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.