1589 W SHAW AVE FRESNO CA 93711-3500
Professional Office Suites
Marketing description
Office building in Fresno’s desirable West Shaw submarket featuring 19 professional office suites. The property benefits from strong tenant stability, with most tenants in place for several years. Current rents are below market, presenting an excellent opportunity to increase income upon lease renewals or new tenancy.
Conveniently located near Fig Garden Village—an upscale outdoor regional mall—and just minutes from Freeway 41, the property offers superior accessibility and visibility in one of Fresno’s strongest office corridors.
Investment highlights
The property generates approximately $101,220 in gross annual rent and delivers a Net Operating Income (NOI) of $59,491. On a pro forma basis, with property taxes adjusted to reflect the new purchase price, operating expenses equal 41.23% of gross rents.
Current suite rents mostly range from $430–$440, while prevailing market rents in the submarket are approximately $550–$595, indicating strong upside potential through lease renewals and new tenancy.
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