Description
This 4,000 square foot boutique retail center has (4) suites: each with a reception area, 3 offices, 1 Kitchen, 1 Bathroom and slider leading to a private patio. Each suite is individually metered for electric. Water comes from the utility connection with 1 main meter, and the property's sewer is self sufficient with septic tank on site. The financials are attached. Rents are A-$1,000, C-$1,100, D-$1,100 with the fourth unit currently vacant. Unit A raises to $1,200 on 4/1/24 and Unit C & D raise to $1,200 each on 2/1/24. The vacant Unit B used to rent for $1,500. There is avalue addplay with the vacant unit and also future restructuring of leases for a $48,000+ (net) return annually. Pro forma numbers exemplified on the attached financials. Also there areowner/user options and flexibility at this center. This building has been very low maintenance for the current owner and easy to self manage. The owner is selling the entire portfolio and retiring. The location is great with Avenue 17 frontage and the traffic that passes along that route daily. The tenants are wonderful and we request that you do not disturb them. Instead, please view the interior and exterior photos displaying all 4 suites, and submit your offer subject to inspection.
-
12BEDS
-
0.32ACRES
-
4BATHS
-
01/2 BATHS
-
4,000SQFT
-
$154$/SQFT
School Ratings & Info
Description
This 4,000 square foot boutique retail center has (4) suites: each with a reception area, 3 offices, 1 Kitchen, 1 Bathroom and slider leading to a private patio. Each suite is individually metered for electric. Water comes from the utility connection with 1 main meter, and the property's sewer is self sufficient with septic tank on site. The financials are attached. Rents are A-$1,000, C-$1,100, D-$1,100 with the fourth unit currently vacant. Unit A raises to $1,200 on 4/1/24 and Unit C & D raise to $1,200 each on 2/1/24. The vacant Unit B used to rent for $1,500. There is avalue addplay with the vacant unit and also future restructuring of leases for a $48,000+ (net) return annually. Pro forma numbers exemplified on the attached financials. Also there areowner/user options and flexibility at this center. This building has been very low maintenance for the current owner and easy to self manage. The owner is selling the entire portfolio and retiring. The location is great with Avenue 17 frontage and the traffic that passes along that route daily. The tenants are wonderful and we request that you do not disturb them. Instead, please view the interior and exterior photos displaying all 4 suites, and submit your offer subject to inspection.
© 2023 Fresno Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Data last updated: 2023-12-05T16:46:35.38.