描述

Jones Lang LaSalle Americas, Inc., (“JLL”), is pleased to exclusively offer for sale a vacant, institutional-quality distribution facility located at 2500 N. Plaza Drive in Visalia, CA (the “Property”). The Property is a 635,281 SF warehouse built with 36’ clear height, 103 dock-high doors, 3 grade-level doors, ESFR fire suppression, and 3,200 amps of power (480v, 3-phase), situated on a 83.28-acre site (17.5% FAR).

This sale includes the full ±83 AC site, providing investors the ability to expand the existing building up to 1.25M SF. The Property sits just 3 miles from Hwy 99 in the Central Valley logistics corridor, offering 1-day delivery access to 40M+ West Coast customers.

Ownership is investing approximately ~$2.5 million in building-wide capital improvements, including a full electrical and high-bay LED lighting retrofit, HVAC replacement, and interior/exterior finish upgrades. These improvements are on track for completion by year-end 2026, positioning the Property for immediate move-in readiness and reducing a future tenant’s capital burden.

This vacant, value-add offering presents investors with the opportunity to acquire a best-in-class distribution facility at a basis well below replacement cost, with significant upside through lease-up and expansion.

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属性

建筑净面积

59,020 平方米

103 Dock-High / 3 Grade-Level

土地总面积

33.7 公顷

分区

IH - Heavy Industrial

媒体

投资亮点

±83 ACRE SITE WITH EXPANSION OPTIONS UP TO 1.25M SF, INCLUDING 12.5 ACRES OF EXISTING TRAILER YARD
RARE FULL-TURN ACCESS TO PORTS OF LA/LONG BEACH OR OAKLAND
HIGHLY FUNCTIONAL BUILDING SPECS WITH 36’ CLEAR HEIGHT, 103 DOCKS, AND 3,200 AMPS OF POWER
CENTRAL VALLEY LOGISTICS HUB WITH 1-DAY DELIVERY TO 40M+ CUSTOMERS
ATTRACTIVE VALUE-ADD LEASE-UP OPPORTUNITY AS CENTRAL VALLEY BIG BOX LEASING ACTIVITY RECOVERS, WITH 1.6M SF OF YTD NET ABSORPTION AND SUBMARKET VACANCY DOWN TO 6.7%
~$2.5M IN OWNERSHIP-FUNDED CAPITAL IMPROVEMENTS, ON TRACK FOR COMPLETION BY YEAR-END 2026
ATTRACTIVE ACQUISITION BASIS WELL BELOW REPLACEMENT COST