Listed by C21 Commercial
$675,000
Office/Retail Space Available + Existing
Details
APN 443-080-15
Property Type Office
Sub Type Freestanding
Square Footage 8,219
Units 4
Cap Rate 7%
NOI $47,217
Occupancy 49.94%
Tenancy Multi
Lease Type Modified
Pro-Forma Cap Rate 9.2%
Pro-Forma NOI $62,127
Price per SqFt $82
Class B
Year Built 1968
Buildings 1
Stories 1
Acreage 0.660
Zoning CC - Commercial - Community
Investment Type Owner/User
Occupancy Date 05/11/2020
Office/Retail Space Available + Existing
Marketing description
±8,291 SF freestanding efficient office/retail building located in Central Fresno offering an excellent SBA owner/user opportunity. One Freestanding building offering (4) separately metered offices with various configurations/sizes. #2965 of 2,850 SF is leased MTM to Studio 65 Let's Dance; #2975 of 1,224 SF is leased MTM to “The Cube” dance studio. #2977 is a 1,224 SF of open room, reception area, large open rear room with kitchenette, one restroom; #2923 of 2,890 SF is wide open with 2 conference-sized rooms and 1 ADA restroom. Value-add investor or owner-user opportunity with easy-to-rent small office spaces within an under-built market offering a strong need for these type of spaces. All units have high speed Fiber Optic Lines/Internet, secure entrances, various access points from Maroa Ave, newer monument sign, and abundant parking. There are 54 parking spaces (2 ADA), and 4 spaces on the side of the building providing ample parking. This building is setback, which provides excellent visibility, and LED parking lights. Convenient location, visibility, and access.
Investment highlights
- (4) Office Suites - Can Be Divided/Combined
- (54) Parking Spaces + 129' Of Street Parking/Frontage
- Excellent SBA Loan Candidate w/ Built In Passive Income
- Upside in Leasing Potential or Owner/User + Passive Income
- Rent Growth Of Under-Market Remaining Units
- Long-Term Tenants | Low Turnover | Low Maintenance
- Quality Construction | Well Maintained | Economical Spaces
- Functional Hard To Find Small Spaces | Easy To Rent
- Requires Little Management or Maintenance
- Easy Access | Separate Offices | Multiple Configurations
- Separately Metered Building ~ Multiple Configurations Available
- Private Offices, Open Rooms, Multiple Entrance Points
- Ethernet/Phone Connections & High Speed Internet Ready
- Secure, Private, Established Location w/ Quality Tenant Mix
- Ample Private Parking Lot on all sides of the Building
- Convenient Location Off CA-41
- Excellent Maroa Presence Surrounded with Quality Tenants
Listing Contacts
Listed by C21 Commercial
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$47,217.00
$3,934.75/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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