Office Space Available in Excellent Condition & Move-In Ready

Attractive building perfectly positioned to offer easy access, strong demographics and traffic generators. Located off the corner of Fresno St & Van Ness Ave just East of CA-99, West of CA-41, North of Tulare St and South of CA-180. Nearby CA-41 Freeway, State Highway 99, 168 and 180 connect to all parts of central California. Surrounded by many national and regional retailers, and boast high traffic counts in Downtown Fresno and great population density. Professional manicured grounds and surrounded by neighboring national tenants include Starbucks, Denny's, Wells Fargo, Union Bank, West America Bank, CitiBank, DiCiccos, United Security Bank, Cosmopolitan Italian Grill, Cherry Blossom Cafe, Central Valley Community Bank, Mediterranean Grill & Cafe, DD's Discounts, Cornerstone Coffee Company, Rare Earth Coffee, The Revue, Coffee Time, Toledito's Méxican Restaurant, Fulton Street Coffee, Triple A Burger, Security Bank, Los Panchos Mexican Restaurant and Cantina, La Torta, and many others!100% Leased Investment Opportunity: ±3,264 SF freestanding building on ±0.26 Acres (±11,514 SF) of General, Professional, and/or Medical space off Blackstone on Shields Ave. Offers (5) economical separately metered spaces leased to long-term tenants on AIR lease forms. Value-add opportunity with actual rents of $34,974.31/year collected plus upside through rent increases. After Suite #A and #B’s under-market rates are addressed and the built-in rental increases are experienced, the realistic 12-18 month stabilized gross annual income is $40,260 (15.12% upside). Unique investment offering easy-to-rent small office spaces within an under-built market (replacement value of $546K) with a strong need for these type of spaces. Once stabilized, the deal offers a 11.75% cash-on-cash return when leveraged with 30% down (1.76 DCR). Features a functional floor plan that each tenant has made substantial tenant improvements to. Multiple configurations ranging from 493 SF up to 816 SF with the ability to combine spaces to create larger units. Clean office spaces with fresh paint, new hard-surface flooring, and move-in ready spaces! Each unit has access to high speed Internet, separate meters, access to clean restrooms, private entrances (w/ secured entry gate), 20+ outdoor LED lights during the night hours, and consists of demising walls (can be combined). Brand new asphalt slurry coat, HVAC's and roof are less than 10 years old, full LED exterior lit private parking (plus street), excellent corner signage, great visibility and easy access to CA-41 and CA-99 on/off ramps.±313 to ±7,162 SF of "Class A" office suites consisting of various contiguous spaces. Each unit has access to common area restrooms located on each floor. High-traffic intersection near Fulton St retail corridor with many national and local retailers in close proximity. On site private parking lot (plus street) for various uses (i.e. attorney practice, medical uses, professional office, and more). Easy access, abundant parking, and direct signage/exposure.