Shaw Office Suites

Highlights

• Owner-user opportunity to operate business and collect rental income
• Well maintained complex with newer roofs, paint, and parking lot
• Multi-tenant suites primarily dental, medical, or office.
• Great street frontage visibility to a highly trafficked thorougfare
• Excellent onsite parking

Description

Shaw Office Suites is an 11,118 SF multi-tenant complex that features primarily dental, therapy, and medical related businesses. The property is comprised of 13 suites and has potential for an owner-user to operate their own business and rental income from existing tenants to offset operating costs. The leases are modified gross such that the tenants pay their own electrical (metered) plus portions of the gas and other expenses which vary per suite. The ownership has also made capital improvements that feature a newer roof (10 years ago), exterior paint, various HVACs, and parking lot. The sale is offered at well below replacement cost.

Currently there are eight (8) occupied suites totaling +/-6,785 SF and five (5) vacant suites approximately 3,910 SF. The in-place monthly Gross Rent is $7,823 / month. The average rent is $1.27 PSF with a range of $0.98 - $1.48 PSF.

Office suites tend to perform really well during economic downturns as businesses prefer to decrease their facilities costs by downsizing their space. Furthermore, the suites are set up so walls can be demised or moved to create larger suites for various tenants.

Located on W Shaw Ave. which is a major thoroughfare in Fresno with high daily traffic counts and within 1 mile to major anchored commercial businesses such as Whole Foods, CVS, Starbucks, Dutch Brothers, Rite Aid, Marriott Hotels and corporate restaurants. Excellent visibility with plenty of parking in the back of the property and its also surrounded by well maintained single-family residences. The property features 50 onsite spaces plus frontage street parking.