Selma Business Park 8 biens | Industriel/Logistique | Selma, CA

99%-Leased Manufacturing Park with Heavy Value-Add Opportunity
* REGIONALLY RECOGNIZED PARK: Selma Business Park is home to some of the area’s largest employers, such as Xtreme Manufacturing, Dragados Flatiron, and the City of Selma.

* IDEAL INDUSTRIAL PARK LAYOUT: The park includes eight buildings of varying sizes spread across an expansive ±29.5-acre site that provides plenty of excess yard area.

* REGIONAL ACCESS AND VISIBILITY: Selma Business Park is adjacent to and visible from Highway 99, the Central Valley’s most traveled north-south highway. Selma is centrally located between California’s major markets, allowing quick access to all of the State’s major markets and ports within 1 day.

* BREAKAPART EXIT STRATEGY: The site is already separately parceled, allowing an investor to sell off individual parcels at higher prices to owner-users or private capital/1031 buyers.

* STABLE CASH FLOW WITH SIGNIFICANT NOI UPSIDE: The park is 99% leased, the rents are 36% below market, and the WALT remaining is only 1.22 years. Most of the tenants have renewed multiple times and have very few relocation options. A buyer can mark rents to market very quickly, monetize the excess yard areas and potentially upgrade the freeway-fronting billboards.

Compelling Market Fundamentals
* TIGHT INDUSTRIAL MARKET: Fresno has one of the tightest industrial markets in California, with a vacancy rate of only 4.5% (compared to national average of 7.4%) and minimal new construction. With limited availability and low construction, tenants entering the Fresno industrial market face an incredible challenge finding space given the growing demand.

* PROJECTED REGIONAL GROWTH: Fresno, the 5th largest city in California, has seen job growth in various sectors, including healthcare, retail, wholesale trade and government. According to the California Employment Development Department, Fresno County is projected to add 140,000 new jobs over the next 10 years.

* STRATEGIC LOCATION FOR DISTRIBUTION: In addition to being the agricultural center of California, Fresno is also well-positioned as a distribution and logistics market for e-commerce and brick-and-mortar retailers looking to access all of California’s population nodes in a 1-day drive. For example, the city is home to major fulfillment centers for Amazon, Gap Inc. and ULTA Beauty Inc. The Selma Business Park sits along Highway 99 and offers direct routes to Los Angeles and Sacramento.