Colliers Lists Lemoore Industrial Portfolio for $10.6 Million After Lifting Occupancy Above 90%
Updated
Updated · The Business Journal · Jul 16
Colliers Lists Lemoore Industrial Portfolio for $10.6 Million After Lifting Occupancy Above 90%
1 articles · Updated · The Business Journal · Jul 16
Summary
$10.6 million is the asking price for a three-building Lemoore industrial portfolio after Colliers raised occupancy from about 50% to more than 90% within 12 months.
100,800 square feet across three buildings at 1500 Enterprise Drive is being marketed at a 6.6% cap rate, with the assets spread over 9.79 acres.
Colliers said demand came from small businesses seeking newer incubator-style industrial space in a market with few comparable options and direct access to Highways 41 and 198.
Limited industrial inventory and community opposition to projects near residential areas have constrained new supply, supporting the portfolio's appeal to investors.