136-284 N Thorne Ave

Highlights:

• ±10.33-Acre Industrial Portfolio Comprised of Two Parcels and Four Warehouse Buildings, Totaling ±92,540 Building Square Feet
• Value-Add or Owner-User Opportunity - Offered Below $60 per Building Square Foot
• Possible Infill Redevelopment Opportunity in Central Fresno - Only $12.46 per Land Square Foot
• Strategic Location, Near the Confluence of Highway 99 and Highway 180 - Excellent Highway Visibility
• Rare Heavy Industrial (IH) Zoning - Over 5 Acres of Industrial Outdoor Storage Space Currently Available
• +45,350-Square Foot and ±9,900-Square Foot Warehouse Leased to Central Piers until 2031
• ±13,500-Square Foot Completely Renovated Warehouse, With a 1-Acre Fenced Yard and a ±25,390-Square Foot Building On a Separate Parcel With a 1.8-Acre Fenced Lot, Immediately Available For Occupancy

Description:

Marcus & Millichap has been retained to exclusively market for sale 136-284 N Thorne Avenue, located at 136, 210, 260, and 284 N Thorne Avenue, Fresno, CA. The offering consists of two parcels totaling approximately ±10.33 acres, improved with three (3) warehouses totaling approximately ±92,540 square feet. The property also features substantial excess yard space suitable for a variety of industrial outdoor storage requirements.

Strategically located in Southwest Fresno near the confluence of Highway 99 and Highway 180, the offering benefits from excellent regional connectivity and access to major transportation corridors. Zoned IH (Heavy Industrial), the properties represent a rare opportunity to acquire one of Fresno's limited industrial assets allowing for the broadest possibilities for industrial uses in Fresno.

284 N Thorne; This portion of the property consists of a ±45,250-square-foot warehouse, featuring 20-foot clear heights, eleven (11) dock-high loading doors, and two (2) electrical meters. The building is occupied by Central Piers through September 2031, with no renewal options. The current rental rate is significantly below market at $0.15 per square foot ($8,047). The existing lease allows the landlord to collect reimbursements of tax and insurance increases over the base year (which will increase upon sale).

260 N Thorne; The ±9,900-square-foot warehouse includes its own electrical service, six (6) grade-level roll-up doors, integrated office space, and approximately ±6,500 square feet of fenced yard area. The property is leased to Central Piers through September 2031, under the terms described above.

210 N Thorne; This portion of the property consists of a ±13,500-square-foot warehouse with an adjacent electrified and secured yard area. Following fire damage, the building has been completely renovated which includes a new fire sprinkler system, electrical system, plumbing system, and ADA upgrades. The warehouse features 20-foot clear heights, one (1) dock-high loading door, a loading platform, and one (1) grade-level door with ramp access. The building is currently leased to Fulsom Transport, paying holdover rent of $7,800/month.

136 N Thorne; This portion of the property is situated on a separate parcel with a ±25,390-square-foot T-shaped warehouse. The building has recently had all electrical removed, providing a buyer with a clean slate for completing improvements to their specifications. The warehouse features 20-foot clear heights and ten (10) grade-level roll-up doors.

Vacant Land; This portion of the property includes approximately 5.7-Acres of yard space zoned Heavy Industrial (IH). The site offers a rare combination of large-scale yard space and Heavy Industrial zoning. It is well suited for a variety of IOS uses, including fleet parking, equipment and material storage, contractor operations, and trailer staging, and benefits from excellent exposure along Highway 180.

In summary, 136-284 N Thorne Avenue offers investors and owner-users the opportunity to acquire a strategically located industrial portfolio with significant scale and functionality. The property's rare Heavy Industrial zoning, extensive yard area, and proximity to major transportation corridors create a difficult-to-replicate asset position within the Fresno market. The combination of in-place tenancy, available space, and operational flexibility provides multiple paths for value creation and long-term ownership.

Documents: