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3164 N Marks Ave 57,600 SF 97% Leased Industrial Building Fresno, CA 93722 $9,843,531 CAD ($170.89 CAD/SF) 6.50% Cap Rate
Investment Highlights
- Stabilized Incubator Industrial with Near-Term Mark-to-Market Upside
- Strategic Central Valley Location With Strong Infrastructures
- Fresno Industrial Vacancy Less Than Half the Regional Rate
- One Block From Highway 99
Executive Summary
Stabilized Incubator Industrial with Near-Term Mark-to-Market Upside
* Attractive Industrial Offering | This is an attractive investment opportunity in one of the fastest-growing real estate markets in the Western United States. The asset is in the heart of California’s distribution and agricultural cluster in the Central Valley, next to a multimodal transportation system with abundant surrounding amenities and investment upside.
* Small-Bay Incubator Product in a Supply-Constrained Submarket | The property is a 57,600 SF, 25-suite incubator industrial building in northwest Fresno, the tightest large industrial submarket in the South Central Valley at 4.9% vacancy. Nothing is under construction in the Fresno submarket, and no comparable small-bay project has been announced. Tenants who need ±2,000 SF with a roll-up door have very few places to go.
Attractive Market Fundamentals
* Industrial Vacancy Less Than Half the Regional Rate | While the South Central Valley sits at 10.3% vacant, Fresno enjoyed 4.9% vacancy at the close of Q2 2026. Moreover, the subject property sits within the Northwest Fresno submarket, which currently has 4.6% vacancy (Costar).
* No New Supply Competing for Fresno Tenants | Nothing is under construction in the Fresno submarket. The only project underway in the entire South Central Valley is a 510,385 SF speculative building at Tejon Ranch in Kern County, roughly 150 miles south, delivering in Q1 2027. CBRE Research expects no further development in the region, so available space should continue to be absorbed without new competition.
Strategic Central Valley Location With Strong Infrastructures
* One Block From Highway 99 | The property sits one block from State Route 99, California’s primary north-south corridor through the Central Valley, with a single ingress and egress point off N. Marks Avenue. Fresno sits midway between Los Angeles and the Bay Area, and SR-99 connects to I-5 by way of SR-180 and SR-152 for westbound freight.
* Multimodal Access | Beyond SR-99, tenants reach SR-180 within minutes, BNSF and Union Pacific rail lines run through Fresno, and Fresno Yosemite International Airport is roughly nine miles east. The combination suits the mix of trades, service businesses and light distribution users the building attracts.
* Attractive Industrial Offering | This is an attractive investment opportunity in one of the fastest-growing real estate markets in the Western United States. The asset is in the heart of California’s distribution and agricultural cluster in the Central Valley, next to a multimodal transportation system with abundant surrounding amenities and investment upside.
* Small-Bay Incubator Product in a Supply-Constrained Submarket | The property is a 57,600 SF, 25-suite incubator industrial building in northwest Fresno, the tightest large industrial submarket in the South Central Valley at 4.9% vacancy. Nothing is under construction in the Fresno submarket, and no comparable small-bay project has been announced. Tenants who need ±2,000 SF with a roll-up door have very few places to go.
Attractive Market Fundamentals
* Industrial Vacancy Less Than Half the Regional Rate | While the South Central Valley sits at 10.3% vacant, Fresno enjoyed 4.9% vacancy at the close of Q2 2026. Moreover, the subject property sits within the Northwest Fresno submarket, which currently has 4.6% vacancy (Costar).
* No New Supply Competing for Fresno Tenants | Nothing is under construction in the Fresno submarket. The only project underway in the entire South Central Valley is a 510,385 SF speculative building at Tejon Ranch in Kern County, roughly 150 miles south, delivering in Q1 2027. CBRE Research expects no further development in the region, so available space should continue to be absorbed without new competition.
Strategic Central Valley Location With Strong Infrastructures
* One Block From Highway 99 | The property sits one block from State Route 99, California’s primary north-south corridor through the Central Valley, with a single ingress and egress point off N. Marks Avenue. Fresno sits midway between Los Angeles and the Bay Area, and SR-99 connects to I-5 by way of SR-180 and SR-152 for westbound freight.
* Multimodal Access | Beyond SR-99, tenants reach SR-180 within minutes, BNSF and Union Pacific rail lines run through Fresno, and Fresno Yosemite International Airport is roughly nine miles east. The combination suits the mix of trades, service businesses and light distribution users the building attracts.
Property Facts
| Price | $9,843,531 CAD | Lot Size | 2.85 AC |
| Price Per SF | $170.89 CAD | Rentable Building Area | 57,600 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 6.50% | Year Built | 1980 |
| Property Type | Industrial | Parking Ratio | 1.04/1,000 SF |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 24 |
| Building Class | C | ||
| Zoning | IL - Light Industrial | ||
| Price | $9,843,531 CAD |
| Price Per SF | $170.89 CAD |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 2.85 AC |
| Rentable Building Area | 57,600 SF |
| No. Stories | 1 |
| Year Built | 1980 |
| Parking Ratio | 1.04/1,000 SF |
| No. Drive In / Grade-Level Doors | 24 |
| Zoning | IL - Light Industrial |
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
20/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 433-080-15 | Improvements Assessment | $3,792,774 CAD |
| Land Assessment | $1,245,066 CAD | Total Assessment | $5,037,840 CAD |
Property Taxes
Parcel Number
433-080-15
Land Assessment
$1,245,066 CAD
Improvements Assessment
$3,792,774 CAD
Total Assessment
$5,037,840 CAD
Contacts
-
Matt Post -
Anthony DeLorenzo -
Sammy Cemo -
Bryan Johnson -
Austin Reuland -
CBRE, Inc.
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