Lemoore Commerce Center

Lemoore, CA

Address:   1500 Enterprise Dr

Year Built:   2015

Building SF:   100,800 SF

Acquisition Date:   January 2022

Projected Hold Period:   4.0 Years


Multi-tenant light industrial project comprised of three buildings and 24 individual units
  • Without any new for rent product in the market there is a clear path to raise rents;
  • The prior owner lived on site and was the property manager that developed relationships with the existing tenants and has not aggressively pushed rents as short term leases roll;
  • Tenant demand significantly outstripped for-rent supply by a substantial amount since acquisition;
  • Without any for sale condo product in the market, this site represents the only option for flex industrial condominiums.

Overview – Projected Project Level Returns


Projected IRR


Equity Multiple

4.0 Years

Hold Period