1500 Enterprise Drive
Industrial | 6.60% CAP | 100,800 SqFt
Marketing description
1500 Enterprise Drive is a multitenant small bay investment opportunity in Central California. The property consists of three buildings totaling approximately 100,800 square feet, located at the intersection of Highways 41 and 198 in Kings County. Built between 2015 and 2018, these relatively new buildings are far below the cost of new construction and are very well maintained.
The property features flexible space that appeals to a wide variety of potential tenants, with each unit approximately 2,400 SF (some units have been combined). The buildings offer easy access to Highways 41 and 198, strong historical occupancy, and limited alternative space for tenants in Lemoore. The remaining vacant units have been cleaned up and are market ready.
Located in Lemoore, a hub for manufacturing and home to state-of-the-art processing facilities and Lemoore Naval Air Station, the property benefits from over 4,000 employees living within a 20-minute commute zone. The area is centrally located between the Bay Area and Southern California with immediate highway access to connect to I-5 and Highway 99.
Investment highlights
- Relatively new buildings far below the cost of new construction
- Very well maintained
- Easy access to Highways 41 and 198
- Strong historical occupancy
- Limited alternative space for tenants in Lemoore
- Remaining vacant units have been cleaned up and are market ready
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