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1130 E Shaw Ave 32,747 SF 74% Leased Office Building Fresno, CA 93710 $7,000,000 ($213.76/SF) 6.91% Cap Rate
Investment Highlights
- Offered at substantially below replacement cost
- Fresno’s largest shopping mall - Fashion Fair Mall sits 200 yards west of the Subject Property
- The property is bordered by City of Fresno water ponding basins, which are kept full nearly year round and provide a nice, soothing “lake-like”feature
- Recently extended State of California leases providing long-term income stability through 2034
- There are over 200 restaurants, several gas/car wash/mini marts, abundant retail services and grocery & drug stores within 5 minute drive
- Elevator
Executive Summary
This property is ideally situated in the heart of the East Shaw Avenue Financial District, one of Fresno’s largest office and retail/commercial submarkets. The building is centrally located in between two freeway interchanges. (Highway 41 & Shaw. Ave. and Highway 168 & Shaw Ave.)
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Property Facts
Sale Type
Investment
Property Type
Building Size
32,747 SF
Building Class
C
Year Built
1979
Price
$7,000,000
Price Per SF
$213.76
Cap Rate
6.91%
NOI
$483,443
Percent Leased
74%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
16,374 SF
Slab To Slab
10’
Building FAR
0.41
Lot Size
1.83 AC
Opportunity Zone
Yes
Zoning
CMX - CMX - Center Mixed Use
(Office/retail/residential), City of Fresno
Parking
46 Spaces (1.4 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Pond
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Shell Space - Landlord will build-to-suit
Suite 200 - 4,417 RSF (Ready-to-Occupy)
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 107 | 1,318 SF | Office | Shell Space | 90 Days |
| 2nd Fl-Ste 200 | 4,417 SF | Office | Shell Space | Now |
1st Fl-Ste 107
| Size |
| 1,318 SF |
| Space Use |
| Office |
| Build-Out |
| Shell Space |
| Available |
| 90 Days |
2nd Fl-Ste 200
| Size |
| 4,417 SF |
| Space Use |
| Office |
| Build-Out |
| Shell Space |
| Available |
| Now |
1st Fl-Ste 107
| Size | 1,318 SF |
| Space Use | Office |
| Build-Out | Shell Space |
| Available | 90 Days |
Shell Space - Landlord will build-to-suit
2nd Fl-Ste 200
| Size | 4,417 SF |
| Space Use | Office |
| Build-Out | Shell Space |
| Available | Now |
Suite 200 - 4,417 RSF (Ready-to-Occupy)
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,866,880 | |
| Land Assessment | $702,772 | Total Assessment | $3,569,652 |
Property Taxes
Parcel Numbers
Land Assessment
$702,772
Improvements Assessment
$2,866,880
Total Assessment
$3,569,652
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1130 E Shaw Ave
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