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2014 Tulare St
Fresno, CA 93721
T.W. Patterson Building · Office Property For Sale


Investment Highlights
- Historical Designated Investment Opportunity
- Substantial Recent Upgrades
- Located in the heart of Downtown Fresno
- 8 Story Office Building with Ground Floor Retail
Executive Summary
CBRE, Inc. is pleased to present the TW Patterson Building, a historical designated and highly recognizable office asset located in the heart of Downtown Fresno. This 97,354 square foot, eight-story landmark features ground-floor retail and benefits from its inclusion as a candidate for the Mills Act, which may significantly reduce property taxes and support long-term capital investment.
Situated on a 0.62 acre site with convenient access to Highway 41, the Property offers an efficient floor plate, subterranean parking and strong visibility within Fresno’s
central business district. The Building is currently 67% leased, providing an investor with in-place income and meaningful upside through lease-up of the remaining 40% below market rate space. An owner-user may also take advantage of available vacancy to occupy a portion of the building while off-setting occupancy costs through rental income from existing tenants and the inherent tax benefits of owning.
The TW Patterson Building represents a compelling opportunity to acquire a well-located, architecturally significant asset with both immediate and long-term value-enhancement potential. Its historic character, central location, and path to tax benefits under the Mills Act, make it one of Fresno’s most recognizable and strategically
positioned offerings.
Situated on a 0.62 acre site with convenient access to Highway 41, the Property offers an efficient floor plate, subterranean parking and strong visibility within Fresno’s
central business district. The Building is currently 67% leased, providing an investor with in-place income and meaningful upside through lease-up of the remaining 40% below market rate space. An owner-user may also take advantage of available vacancy to occupy a portion of the building while off-setting occupancy costs through rental income from existing tenants and the inherent tax benefits of owning.
The TW Patterson Building represents a compelling opportunity to acquire a well-located, architecturally significant asset with both immediate and long-term value-enhancement potential. Its historic character, central location, and path to tax benefits under the Mills Act, make it one of Fresno’s most recognizable and strategically
positioned offerings.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
119,581 SF
Building Class
B
Year Built
1923
Percent Leased
81%
Tenancy
Multiple
Building Height
8 Stories
Typical Floor Size
13,000 SF
Slab To Slab
10’
Building FAR
4.43
Lot Size
0.62 AC
Opportunity Zone
Yes
Zoning
C-4 - Commercial/Office
Amenities
- Property Manager on Site
- Security System
- Signage
- Secure Storage
Property Taxes
| Parcel Number | 468-254-10 | Improvements Assessment | $586,380 |
| Land Assessment | $365,420 | Total Assessment | $951,800 |
Property Taxes
Parcel Number
468-254-10
Land Assessment
$365,420
Improvements Assessment
$586,380
Total Assessment
$951,800
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