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Absolute Net Investment, Below-Market Rent 1255 W Shields Ave 3,451 SF Office Building Fresno, CA 93705 $650,000 ($188.35/SF) 3.32% Cap Rate
Investment Highlights
- Absolute net land lease through June 30, 2030, below-market rent with significant future income upside
- Freestanding ±3,451 SF building at a signalized intersection
- Strong visibility and signage at Shields Ave & West Ave
- Opportunity to re-tenant, reposition, or occupy at lease expiration
- Reciprocal access and additional parking within the larger shopping center
- Dense infill trade area with ±142,832 residents within 3 miles
Executive Summary
Absolute net land lease through June 30, 2030.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
3,451 SF
Building Class
B
Year Built
1980
Price
$650,000
Price Per SF
$188.35
Cap Rate
3.32%
NOI
$21,607
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,451 SF
Building FAR
0.22
Lot Size
0.36 AC
Zoning
C-2 - Commercial Community (CC)
Parking
30 Spaces (8.69 Spaces per 1,000 SF Leased)
Amenities
- Courtyard
- Signage
- Awning
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 443-021-01 | Improvements Assessment | $355,000 |
| Land Assessment | $160,000 | Total Assessment | $515,000 |
Property Taxes
Parcel Number
443-021-01
Land Assessment
$160,000
Improvements Assessment
$355,000
Total Assessment
$515,000
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Matterport 3D Tour
Photos
Street View
Street
Map
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Contact the Sale Advisor
Absolute Net Investment, Below-Market Rent | 1255 W Shields Ave