Investment Opportunity - 100% Leased ±9,264 Freestanding Office Building w/Quality Tenants

1665 W Shaw Avenue Fresno, CA 93711

1665 W Shaw Avenue, Fresno, CA, 93711
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FOR SALE Incentives
Property Type:
Multi Tenant Office
Amount:
$1,750,000
Last Verified:
Feb 14, 2018

Highlights

  • Investment Opportunity: Freestanding Office Building
  • 100% Leased w/ Long-Term Leases Through 2020
  • Easy Lease-able Units w/ Low Vacancy Turnover
  • Brand New Roof, Carpet, and Paint!
  • Well-Known Freestanding Office Building @ Entrance
  • Private Offices, Conference Room, Reception Areas
  • Ample Private Parking Lot on all sides of the Building
  • Convenient Location Between CA-99 and CA-41
  • Great Visibility and Mature Landscaping
  • Busy & Established Retail Corridor w/ Direct Access to Downtown
  • Close Proximity to Major Traffic Generators
  • Great Access & Visibility w/ Unmatched Level of Consumer Traffic

Description

100% Leased Freestanding ±9,264 SF freestanding office building in a highly traveled area with three quality tenants. (3) fully leased spaces with great upside potential through rent increases. With an existing 9.08% existing rate of return after actual expenses, this deal offers an excellent opportunity for TEEN cash-on-cash returns when leveraged. Long term tenants in place with existing occupancy. There are a total of (5) easy-to-rent ±5,000 SF Commercial warehouse buildings totaling ±25,000 SF with (1) ±2,076 SF office building on ±2.12 Acres (±92,347 Square Feet lot) on A.P.N. 018-091-012. Great visibility, convenient parking & easy access to Highway 198 on/off ramps. Many front parking spaces available and excellent existing signage. Sale does NOT include business - they are wonderful tenants that will secure your investment. Features a functional floor plan that each tenant has made substantial tenant improvements to. Each unit is separately metered. Great visibility, convenient parking, easy access, & excellent existing signage. This is an excellent opportunity you won't want to miss!

This property is located north of W Sierra Madre Avenue, east of N Channing Avenue, south of W Shaw Avenue and west of N Teilman Avenue in Fresno, California.

Building Size: 9264.0sq ft
Building Class: B
Lot Size: 0.66 acres

Map of 1665 W Shaw Avenue, Fresno, CA, 93711

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.