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Investment Highlights

  • Currently ±93% leased
  • Tenant balconies on floors 2 & 3
  • Less than .5 miles to Herndon/Freeway 41 on/off ramps
  • New roof surface to flat section; August 2025
  • Well maintained building common areas
  • Within walking distance to St. Agnes and Kaiser hospitals

Executive Summary

Colliers | Fresno is proud to introduce this one-of-a-kind, landmark office building available for sale as a prime office investment in Northeast Fresno. This classic three-story office building known as the Santa Maria Building, is centrally located within the Early California Corporate Center. With a historically high occupancy rate, this Class “A” building provides a unique opportunity with substantial upside, due to the below market lease rates. True pride of ownership has kept this exceptional office building as an ageless, historic landmark property in the highly desirable Northeast Fresno market. A majority of the tenants have been in the building on longer-term leases and numerous lease renewals.

Attachments

575eLocust-OM

Property Facts In Escrow

Sale Type
Investment
Property Type
Office
Building Size
61,632 SF
Building Class
B
Year Built
1989
Price
$10,500,000
Price Per SF
$170.37
Percent Leased
94%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
21,000 SF
Slab To Slab
12’
Building FAR
0.31
Lot Size
4.57 AC
Zoning
O
Parking
289 Spaces (4.62 Spaces per 1,000 SF Leased)

Amenities

  • Conferencing Facility
  • Air Conditioning

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Costanzo & Associates
  • Professional, Scientific, and Technical Services
  • -
  • -
  • -
  • -

Local attorneys office located in Fresno, California, founded in 2006.

  • Professional, Scientific, and Technical Services
  • -
  • -
  • Modified Gross
  • -

Dewberry began as a planning, engineering, and surveying firm founded by Sidney O. Dewberry. The company has grown into a nationwide professional services business focused on planning, design, and construction for natural and built environments. Its service areas include architecture, construction, engineering, environmental work, geospatial mapping and surveying, planning, consulting, advisory services, and technology. Dewberry is a family-owned firm with a broad market presence across public- and private-sector projects.

  • Finance and Insurance
  • -
  • -
  • -
  • -

Equitable began in 1859 when Henry Baldwin Hyde established the company in New York City. Originally focused on life insurance, it expanded over the decades into a diversified financial services provider. Today, the company operates through three main divisions: retirement solutions, investment management via AllianceBernstein, and wealth management services. Equitable serves a wide range of clients including individuals, families, small businesses, and institutional investors. The firm maintains a significant presence in the financial sector with various products and advisory services.

  • Professional, Scientific, and Technical Services
  • -
  • $22.20
  • Modified Gross
  • Aug 2028

Galloway & Company, Inc. is a privately held architecture, engineering, and land surveying firm headquartered in Greenwood Village, Colorado. Public information indicates that the company was founded in 1982 and has since expanded into a nationally recognized design organization with registrations in all 50 states and the District of Columbia. The firm provides a full suite of integrated services, including architectural design, civil engineering, land planning, survey and mapping, traffic engineering, interior design, and related technical disciplines. Its model is based on a multidisciplinary “Full-Spectrum Approach,” emphasizing coordinated project delivery across in-house specialties to reduce the need for multiple consultants and improve project efficiency. Galloway & Company serves a wide range of clients, including commercial developers, municipalities, institutional organizations, and national retail and industrial programs.

  • Professional, Scientific, and Technical Services
  • -
  • -
  • -
  • -

Laughlin, Falbo, Levy & Moresi began in 1985 and traces its roots to a litigation practice dating back to the mid-1930s. The firm focuses on defense work for workers' compensation matters, along with civil subrogation, Longshore and Harbor Workers' Compensation Act matters, Defense Base Act matters, employment and labor law, insurance coverage, mediation, and public agency defense. Its attorneys represent insurers, self-insured employers, public agencies, third-party administrators, and employers across California. The firm describes workers' compensation defense as the largest part of its practice and continues to serve a broad legal client base through related litigation and advisory services.

  • Professional, Scientific, and Technical Services
  • -
  • $22.20
  • Modified Gross
  • Feb 2029

LPS is more than just a CPA Firm, it is a team of dynamic individuals with a passion for numbers and a depth of knowledge in their respective areas of expertise. Their dedicated employees bring energy and pride to their work each and everyday. They work to create an environment where smart, motivated and dedicated people succeed. They strive for excellence in everyday interactions. They constantly push to be better.

  • Finance and Insurance
  • -
  • -
  • -
  • -

RiverPark Financial Group offers a straightforward approach to building financial strategies focused around the client, their schedule, their circumstances, and their objectives. RiverPark takes the time to understand clients' needs, explain different options to them and earn their trust before offering possible solutions.

  • Professional, Scientific, and Technical Services
  • -
  • -
  • -
  • -

Since 1950, Ryan, Christie, Quinn & Horn has been an active and respected community member throughout California’s Central Valley. Although Ryan, Christie, Quinn & Horn is based in Fresno, California, its client representation extends throughout California and several other states. Ryan, Christie, Quinn & Horn’s Professional Staff has extensive experience, with individual experience ranging from 12 years to 47 years. Their experienced staff distinguishes them from other firms, which generally have significantly less experienced staff below the partner level.

  • Construction
  • -
  • -
  • -
  • -

Spalding G. Wathen grew up in Fresno, attended local schools, and built homes in Fresno beginning in 1950, following in his father’s footsteps. “Headliner Homes” came to be in 1953, and “Mansionette Homes” started in 1964. Nearly 60 years later, the Wathen family has constructed over 10,000 Mansionettes in the Central Valley. A Spalding G. Wathen original Mansionette is legendary in the Central San Joaquin Valley for its attention to detail. If it’s a well-built home, it’s most likely a Wathen Mansionette. Although Spalding passed away in 2005, his immediate family is proud to carry on the legacy of quality homes at reasonable prices. That’s the attitude Spalding brought to every home, which still guides his family three generations later.

  • Professional, Scientific, and Technical Services
  • -
  • -
  • Modified Gross
  • -

Wilcox, Hokokian, Bains & Dill, LLP is a Fresno-based limited liability partnership in the certified public accountants industry. The firm provides accounting services that include tax preparation, bookkeeping, and payroll support for businesses and individuals. The company operates in the CPA and accounting-services vertical, with a practice centered on financial reporting and tax-related work. The business maintains an active presence in Fresno and is associated with professional accounting services in the local market.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Costanzo & Associates Professional, Scientific, and Technical Services - - - -
Professional, Scientific, and Technical Services - - Modified Gross -
Finance and Insurance - - - -
Professional, Scientific, and Technical Services - $22.20 Modified Gross Aug 2028
Professional, Scientific, and Technical Services - - - -
Professional, Scientific, and Technical Services - $22.20 Modified Gross Feb 2029
Finance and Insurance - - - -
Professional, Scientific, and Technical Services - - - -
Construction - - - -
Professional, Scientific, and Technical Services - - Modified Gross -

Space Availability

  • Space
  • Size
  • Space Use
  • Build-Out
  • Available
  • 1st Fl-Ste 120
  • 3,988 SF
  • Office
  • -
  • Now
Space Size Space Use Build-Out Available
1st Fl-Ste 120 3,988 SF Office - Now

1st Fl-Ste 120

Size
3,988 SF
Space Use
Office
Build-Out
-
Available
Now
Moderately walkable
70/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
303-201-10
Land Assessment
$1,965,548
Improvements Assessment
$7,801,243
Total Assessment
$9,766,791
  • Listing ID: 37654665

  • Date on Market: 9/12/2025

  • Last Updated:

  • Address: 575 E Locust Ave, Fresno, CA 93720

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