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7060 N Fresno St 23,594 SF 100% Leased Office Building Fresno, CA 93720 $8,900,000 ($377.21/SF) 6.76% Cap Rate
Investment Highlights
- 100% leased Class A office investment with six tenants on NNN leases, providing stable cash flow and minimal landlord expense responsibility
- Prime Northeast Fresno location at the signalized intersection of Fresno Street and Herndon Avenue, less than 0.25 miles from Highway 41
- Significant capital improvements completed, including a new roof, ongoing HVAC upgrades, tenant improvements, and parking lot resurfacing
- Anchored by California Bank & Trust, occupying approximately 9,143 RSF as its Fresno headquarters with over 30 years of continuous occupancy
- Diversified tenant roster of professional service firms including engineering, property management, lending, and wealth management
- Situated on a ±1.31-acre parcel with 79 total parking spaces, providing a parking ratio of approximately 3.3 stalls per 1,000 SF
Executive Summary
7060 N. Fresno Street presents an opportunity to acquire a fully leased Class A office investment located in the heart of Northeast Fresno, one of the Central Valley's most stable and consistently occupied office submarkets. Offered at $8,900,000, the property consists of approximately 23,594 rentable square feet situated on a prominent 1.31-acre hard-corner parcel and is 100% leased to a diversified roster of professional and financial services tenants.
The building is anchored by California Bank & Trust, which occupies approximately 9,143 square feet, representing roughly 40% of the property's rentable area. Serving as the bank's primary Fresno branch and regional headquarters, California Bank & Trust has maintained a presence at the property for more than three decades, providing long-term stability and institutional-quality tenancy.
Structured as a triple-net (NNN) investment, operating expenses are reimbursed by tenants, creating an attractive passive ownership profile with limited landlord expense exposure. Additional tenants include established firms in civil engineering, property management, mortgage lending, wealth management, and music education, providing diversified income streams and reducing reliance on any single industry sector.
With a 6.76% cap rate, full occupancy, strong tenancy, and an irreplaceable location less than a quarter mile from the Herndon Avenue interchange at State Route 41, 7060 N. Fresno Street offers investors a rare opportunity to acquire a stabilized office asset in one of Fresno's premier business corridors.
The building is anchored by California Bank & Trust, which occupies approximately 9,143 square feet, representing roughly 40% of the property's rentable area. Serving as the bank's primary Fresno branch and regional headquarters, California Bank & Trust has maintained a presence at the property for more than three decades, providing long-term stability and institutional-quality tenancy.
Structured as a triple-net (NNN) investment, operating expenses are reimbursed by tenants, creating an attractive passive ownership profile with limited landlord expense exposure. Additional tenants include established firms in civil engineering, property management, mortgage lending, wealth management, and music education, providing diversified income streams and reducing reliance on any single industry sector.
With a 6.76% cap rate, full occupancy, strong tenancy, and an irreplaceable location less than a quarter mile from the Herndon Avenue interchange at State Route 41, 7060 N. Fresno Street offers investors a rare opportunity to acquire a stabilized office asset in one of Fresno's premier business corridors.
Property Facts In Escrow
Sale Type
Investment
Property Type
Office
Building Size
23,594 SF
Building Class
A
Year Built
1993
Price
$8,900,000
Price Per SF
$377.21
Cap Rate
6.76%
NOI
$601,640
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
23,594 SF
Building FAR
0.41
Lot Size
1.31 AC
Zoning
O - O – Office (City of Fresno)
Parking
83 Spaces (3.52 Spaces per 1,000 SF Leased)
Amenities
- Reception
- Air Conditioning
- Smoke Detector
Moderately walkable
70/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 303-180-37 | Improvements Assessment | $4,450,000 |
| Land Assessment | $1,000,000 | Total Assessment | $5,450,000 |
Property Taxes
Parcel Number
303-180-37
Land Assessment
$1,000,000
Improvements Assessment
$4,450,000
Total Assessment
$5,450,000
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7060 N Fresno St