2014 Tulare St - Office FOR SALE


Fresno, CA 93721- Fulton Mall
$8,100,000 USD
818-907-4643
2014 Tulare St, Fresno, CA for Sale
$8,100,000 USD
Office - FOR SALE
1/24
null | Request Cap Rate

2014 Tulare St
Fresno, CA 93721
Fulton Mall


HIGHLIGHTS

  • Historical Designated Investment Opportunity
  • Located in the heart of Downtown Fresno
  • Substantial Recent Upgrades
  • 8 Story Office Building with Ground Floor Retail

OVERVIEW

CBRE, Inc. is pleased to present the TW Patterson Building, a historical designated and highly recognizable office asset located in the heart of Downtown Fresno. This 97,354 square foot, eight-story landmark features ground-floor retail and benefits from its inclusion as a candidate for the Mills Act, which may significantly reduce property taxes and support long-term capital investment. Situated on a 0.62 acre site with convenient access to Highway 41, the Property offers an efficient floor plate, subterranean parking and strong visibility within Fresno’s central business district. The Building is currently 67% leased, providing an investor with in-place income and meaningful upside through lease-up of the remaining 40% below market rate space. An owner-user may also take advantage of available vacancy to occupy a portion of the building while off-setting occupancy costs through rental income from existing tenants and the inherent tax benefits of owning. The TW Patterson Building represents a compelling opportunity to acquire a well-located, architecturally significant asset with both immediate and long-term value-enhancement potential. Its historic character, central location, and path to tax benefits under the Mills Act, make it one of Fresno’s most recognizable and strategically positioned offerings.

FOR SALE DETAILS

PRICE

$8,100,000 USD

PRICE/SF

$68 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

T.W. Patterson Building

PROPERTY TYPE

Office

ADD'L SUBTYPES

Storefront Retail/Office, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

8

BUILDING CLASS

B

YEAR BUILT

1923

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

27,007 SF

ZONING

C-4

APN/PARCEL ID

468-254-10

ASK ABOUT THIS PROPERTY

Mark PerryCBRE, Inc.More Info
818-907-4643

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Mark PerryCBRE, Inc.More Info
818-907-4643

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.