Value Add Investment w/ Blackstone Exposure

Highlights:

• ±6,866 SF Move-In Ready Building with (3) Available Units
• Well-Known Freestanding Office Building | Easy Access to CA-41, CA-99
• Excellent Existing Corner Signage/Visibility |Private Parking Lot | Street Parking
• Busy & Established Corridor w/ Retail Growth | Close to Traffic Generators
• Blackstone Ave Exposure & Pylon Signage Near Manchester Center
• Newer Quality Roof | 2021 New HVAC's
• Easy Access | Separate Suites | Multiple Configurations
• Move-In Ready: Fresh Paint & Carpet | Private Restrooms | Private Entrances
• Quality Tenants | Great Exposure | Low Turnover | Low Maintenance
• Busy & Established Retail Corridor w/ Access to Manchester Center
• Quality Construction | Well Maintained | Economical Spaces
• Against Newly Upgraded Shields Avenue w/ Bus Stop Access

Description:

Owner user/ value add investment opportunity: Freestanding building totaling ±6,866 SF on ±0.4 Acres (±17,424 SF) of office or retail space off Blackstone Ave. Cash cow with in-place rents collected plus upside potential. All tenants pay the scheduled base rent plus the actual cost of all customary "pass-through" expenses such as Trash, Water, and Electrical to eliminate these items from the Landlords ledger.

After realizing the scheduled annual increases (3%/ year) and extending leases to the market rate of $1.40/SF/month for the smaller units, the realistic 6-12 month gross annual income is scheduled to be $97,824. Unique investment offering easy-torent small office spaces in a under-built market offering a strong need for these type of spaces.

Unique flexibility offering configurations ranging from ±3751,200 SF with the ability to combine spaces to create larger units via existing connecting doors between the units. Access to high speed Internet, separate meters, private ADA restrooms, full exterior lit private parking lot, excellent existing signage, great visibility & easy access to CA-41 ramps.

Well known freestanding building offering strong demographics and traffic generators. Nearby CA-41 Freeway, State Highway 99, 168 and 180 connect to all parts of central CA. On Blackstone Ave, just north of E Princeton Ave, west of CA-41, & south of E Shields Ave in Fresno, CA. Provides easy access to the newly renovated 1.1 million SF Manchester Center and various Blackstone Ave retail amenities. Professional manicured grounds and surrounded by lush landscaping with ample private parking. Close access to FAX bus stop (preferred Route 1- Q Rapid Transit BRT with 31 drops every 14 minutes).

3/4 mile from (2) CA-41 on/off-ramps: Shields/41 to the north, and McKinley/41 to the south. Surrounding national tenants are: In-n-Out, McDonalds, Regal Cinemas 16, Footlocker, El Pollo Loco, T-Mobile, Cricket, Panda Express, Starbucks, Grocery Outlet, Von’s, Pep Boys, O’Reilly Auto Parts, Hometown Buffet, Denny’s, Quizno’s, Dollar Tree, Planet Fitness, Subway, & Grifols.

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