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The Exchange Place 906-910 Van Ness Ave 45,000 SF 97% Leased Office Building Fresno, CA 93721 $4,265,000 ($94.78/SF) 6.95% Cap Rate
INVESTMENT HIGHLIGHTS
- Strong Anchor Tenant, Central California Legal Services, with over 9 Years Remaining, and fixed 3.5% annual increases.
- Average Rents are $1.07/SF, including PG&E which is 30% below Current Market Rent.
- Fully Sprinklered with an in-place Roof Warranty.
- Value-Add Opportunity with Below Market Rents. Average 97% occupancy for the last 10 years.
- New, Installed, Tinted, and Energy Efficient exterior windows.
EXECUTIVE SUMMARY
This 45,507 SF multi-tenant office building is a landmark property strategically located in the heart of Downtown Fresno. With immediate proximity to the Courthouse, City Hall, and major freeways (41, 99, 180, and 168), it offers exceptional accessibility for professional office users. The building is surrounded by walkable amenities and is currently home to 13 diverse tenants—including law firms, insurance agencies, educational services, and nonprofits—making it an attractive, income-producing asset for prospective buyers.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
45,000 SF
Building Class
B
Year Built/Renovated
1966/1985
Price
$4,265,000
Price Per SF
$94.78
Cap Rate
6.95%
NOI
$296,367
Percent Leased
97%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
11,250 SF
Slab To Slab
12’
Building FAR
3.97
Lot Size
0.26 AC
Opportunity Zone
Yes
Zoning
DTC - Downtown Core - Maximum Density and Cultural Center of Fresno.
AMENITIES
- Air Conditioning
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Braff Law
- -
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Braff Law | - | - | $9.99 | Lorem Ipsum | Jan 0000 |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
1,155 square feet of mostly open office space with private and conference rooms available.
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 101A | 1,155 SF | Office | Full Build-Out | Now |
1st Fl-Ste 101A
| Size |
| 1,155 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1 of 5
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Fl-Ste 101A
| Size | 1,155 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
1,155 square feet of mostly open office space with private and conference rooms available.
Walk Score®
Walker's Paradise (93)
Bike Score®
Very Bikeable (84)
PROPERTY TAXES
| Parcel Number | 468-251-05 | Total Assessment | $3,922,751 (2025) |
| Land Assessment | $183,874 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $3,738,877 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
468-251-05
Land Assessment
$183,874 (2025)
Improvements Assessment
$3,738,877 (2025)
Total Assessment
$3,922,751 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
1 of 10
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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The Exchange Place | 906-910 Van Ness Ave
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