100% Leased Investment: 6 Remodeled General/Professional Suites

Highlights:

• Value-Add Or Owner-User Opportunity
• (6) Separate Suites Totaling ±7,510 SF on ±0.23 Acres
• Rent Growth Of Under-Market Remaining Units
• Portfolio of (6) Condo Spaces | Investment Property
• 7.58% Cap & 8.02% Cash-on-Cash Return After Stabilized
• Low Turnover | Low Maintenance
• Quality Construction | Well Maintained
• Cash Cow To Produce $101,603 In Rents
• Long Term Tenants w/ Upside Potential Via Leasing
• Functional Hard To Find Spaces | Easy To Rent
• Easy Access | Separate Suites | Multiple Configurations
• Building Equipped w/ Separate HVAC's & Meters
• Excellent SBA Loan Candidate w/ Built In Passive Income
• New Flooring & Paint | Recently Renovated Economical Spaces
• Well-Known Freestanding Office Building @ Corner Location

Description:

Value-add investor or owner-user opportunity: ±7,510 SF office investment on ±0.23 Acres of General or Professional office off of Shaw Avenue. Offers a portfolio of (6) economical separate Condo spaces leased to long-term tenants on Modified Gross lease forms with an average size of 979 SF- 1,569 SF per unit. Value-add opportunity with actual rents of $87,267/year collected plus upside potential with a 2020 interior remodel. After leasing the (1) vacancies (1,173 SF), the realistic 6-12 month stabilized gross annual income is $101,603. Unique investment offering easy-to-rent office units within an under-built market offering a strong need for these type of spaces.

Clean office spaces with 2020 paint, new flooring, and move-in ready spaces! Excellent Owner/User with Passive Income, or Investment. Each unit has access to high speed Internet, is separately metered, has private restrooms, private entrances, and consists of demising walls (can be combined). 2019 asphalt slurry coat, HVAC's and roof are less than 15 years old, full exterior lit private parking (100 spaces), excellent existing corner signage, great visibility and easy access to CA-41 and CA-99 on/off ramps.

Attractive freestanding office building located within the manicured grounds and lush landscaped Shaw Court Office Complex just north of W Fairmont Avenue, east of N Hughes Avenue, south of W Shaw Avenue and west of N Sequoia Avenue in northwest Fresno.

Fresno is a city in the San Joaquin Valley of California, United States. It is the county seat of Fresno County and the largest city in the greater Central Valley region, as well as the most populated city in Central California. It covers about 114.7 square miles and had a population of 542,107 as of the 2020 census, making it the fifth-most populous city in California, the most populous inland city in California, and the 34th-most populous city in the nation.

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