Listed by Colliers - Fresno, California
$7,000,000
1130 E. Shaw Avenue
Details
APN 418-091-21 (.82 ac) 418-091-26 (1.01 ac)
Property Type Office
Sub Type Executive Office
Square Footage 32,747
Cap Rate 6.90%
NOI $483,443
Occupancy 69%
Tenancy Multi
Price per SqFt $214
Year Built 1979
Stories 2
Acreage 0.82 - 1.01
Zoning Commercial Professional Office - Boulevard area
Ownership Fee Simple
Office | 6.9% CAP | 32,747 SF
Marketing description
This property is ideally situated in the heart of the East Shaw Avenue
FInancial District, one of Fresno’s largest office and retail/commercial submarkets. The building is centrally located in between two freeway interchanges. (Highway 41 & Shaw. Ave. and Highway 168 & Shaw Ave.)
Investment highlights
• Offered at substantially below replacement cost
• Recently extended State of California leases providing long-term income stability through
2034
• Fresno’s largest shopping mall - Fashion Fair Mall sits 200 yards west of the Subject Property
• There are over 200 restaurants, several gas/car wash/mini marts, abundant retail services
and grocery & drug stores within 5 minute drive from the subject property
- The property is bordered by City of Fresno water ponding basins, which are kept full nearly year round and provide a nice, soothing “lake-like” feature that the building tenants enjoy
- Elevator
- Many light fixtures throughout the complex have been recently changed to LED lighting, which will lower utility costs
- Federal Opportunity Zone Benefits: Located within a federally designated Opportunity Zone, offering potential tax advantages for eligible investors. Buyers should consult their tax advisor for details.
- E. Shaw Vacancy Rate: 8.9%
Listing Contacts
Listed by Colliers - Fresno, California
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$483,442.85
$40,286.90/mo
Valuation Metrics
0
DSCR
6.91%
Cap Rate
6.91%
ROI
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