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$ 2,100,000
Est. payment | /mo
10,120 SqFt
$ 2,100,000
Est. payment | /mo
10,120 SqFt
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 10,120 sqft
Price per Sqft $207
MLS Listing ID 638657
HOA Y/N No
Year Built 1979
Lot Size 0.940 Acres
Property Sub-Type Commercial
Property Description
A turnkey, 100% occupied medical office investment in the heart of Fresno's thriving West Shaw Financial Park. This exceptional property offers stable cash flow, long-term leases, and modern upgradesideal for investors seeking reliable returns in a resilient healthcare sector.Property HighlightsBuilding Size: ~10,120 SF office building on .94 acresOccupancy: 100% leased to three quality medical tenantsRecent Upgrades: LED lighting, fresh paint, new flooring, and multiple HVAC replacementsno deferred maintenanceLease Structure: Triple Net (NNN) leases shift expenses to tenantsLocation Benefits: Prime visibility in a professional business park with easy access to Fresno's growing medical and financial hubsStable Tenant Mix & IncomeAll tenants enjoy 5-year leases (commencing 2024) with 5-year renewal options and built-in rent escalations in 2026 for growing returns:Speech Therapy Link ~6,135 SF | $7,362/month + NNN (escalates to $7,730.10/month in May 2026)Easter Seals Central California ~3,482 SF | $4,178.40/month + NNN (escalates to $4,387.30/month in July 2026)Civilized Technology Systems ~389 SF | $466.80/month + NNN (escalates to $490.14/month in June 2026)Investment Metrics: Offered at $2,100,000 with a strong 6.9% CAP Rate
Location
State CA
County Fresno
Zoning CMX
Interior
Cooling Central Heat/Cool
Exterior
Parking Features Over 21 Spaces
Roof Type Flat
Building
Story 1
Sewer Public Sewer
Water Public
Listed by Derek J Feramisco RC Commercial
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Brandon Wilmoth
Agent | License ID: 02251504