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.