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- LoopNet Team
5555 E Olive Ave
Fresno, CA 93727
Office Property For Sale
INVESTMENT HIGHLIGHTS
- AT&T campus will be 94% leased at COE
- Two-building office property contains 121,575 SF on 9.7 acres
- 10-year discounted cash flow projects 15.27% average annual cash yield
- Pacific Bell Telephone Company, a wholly-owned AT&T subsidiary, will lease back 94% of the property in the first year and 44.6% of the property in yea
- Offered at $9,690,000 - $79.70 psf
- Additional income from T-Mobile for a cell tower on the property
PROPERTY FACTS
ABOUT 5555 E OLIVE AVE , FRESNO, CA 93727
The site is basically rectangular with three curb-cut driveways off E. Olive Avenue, one off N. DeWitt Avenue on the west side and two from E. Hedges Avenue on the north. A secure, fenced parking area in the northeast corner of the site is used by Seller’s fleet of service vehicles and is also the location of T-Mobile’s cell tower for which it pays licensing fees. The E. Hedges building is located in the northwest corner of the site. The parking lot wraps around the main building on three sides and overall the property measures approximately 9.7 acres.
