3727 N 1st St
Fresno, CA 93726
Investor Or Passive Income Owner/User · Office Property For Sale

100% Leased Freestanding building in a highly traveled area with (4) easy-to-lease separately metered suites (6 separate meters). Fully leased with great upside potential through rent appreciation (conservative rents) and very finance-able. With an existing 8.46% existing rate of return after actual expenses/management/capital reserve, this deal offers an excellent opportunity for 11.84% cash-on-cash returns when leveraged (30% down). Long term tenants in place with existing occupancy. The State of CA suites were remodeled in 2011 to full compliance in excess of $400,000 in specialty improvements. Building Description: ±8,085 SF Freestanding office on ±0.66 Acres (±28,755 SF) with a private parking lot, well-maintained yard, and professionally maintained building. There are 27 parking spaces (1 ADA), and 15 spaces in front of the building providing ample parking. This building is located on a corner parcel which, provides excellent visibility, and secured via Iron security gates/LED parking lights. New roof/insulation in 2018 (with transferable warranty), all HVAC's less than 10 years old, and interior offers various configurations. Spaces feature a functional floor plan that each tenant has made substantial tenant improvements to. Lease Details: All lease agreements are modern, up-to-date attorney drafted agreements that provide all of the basic terms of a Modified Gross multi-tenant office lease. In short, the Landlord is responsible for property taxes, fire insurance, parking lights, pest control, security, landscaping, and landscape irrigation. All other expenses, including separately metered utilities and shared pro-rata share utilities, are paid for by the tenant. To view ALL current availabilities, visit www.CentralCaCommercial.com