Multi-Tenant Retail
Mixed Use | 7.85% CAP | 9,645 SqFt
Marketing description
Excellent investment opportunity at 1459 & 1461 N Van Ness Ave, Fresno, CA 93728. This fully leased multi-tenant commercial property consists of two buildings on two separate parcels, being sold together as a package. The property features 11 suites, all 100% occupied by long-term tenants, providing stable in-place income.
Ideally located near Fresno City College and within close proximity to the entertainment and retail offerings of the Tower District, the property totals 9,645 square feet of building improvements situated on 11,000 square feet of land.
The asset is offered at a 6.33% current cap rate with upside potential to a 7%+ pro forma cap rate, making it an attractive value-add opportunity in a high-demand Fresno submarket. Turnkey income with future growth potential.
Investment highlights
Fully Leased Multi-Tenant Investment – 11 suites across two buildings, 100% occupied by long-term tenants
Strong In-Place Income – Stable cash flow with immediate return from day one
Value-Add Upside – 5% current cap rate with potential to achieve ~7% pro forma cap rate
Two Parcels Sold Together – Improved diversification and future flexibility
Prime Central Fresno Location – Near Fresno City College and the Tower District
High-Demand Rental Submarket – Consistent tenant demand supported by nearby retail, entertainment, and residential density
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