575 E Locust Ave - Office FOR SALE


Fresno, CA 93720- Woodward Park
$11,399,000 USD
559-281-6112
575 E Locust Ave, Fresno, CA for Sale
$11,399,000 USD
Office - FOR SALE
1/6
null | Request Cap Rate

575 E Locust Ave
Fresno, CA 93720
Woodward Park


HIGHLIGHTS

  • ABUNDANT PARKING & WELL-MAINTAINED
  • CONVENIENT ACCESS TO FREEWAY 41 & ALL AMENITIES IN NORTHEAST FRESNO MARKET
  • EXCELLENT VISIBILITY & EXPOSURE
  • BANKING, SHOPPING, RESTURANTS, ENTERTIANMENT & MORE NEARBY
  • ONE OF FRESNO’S LANDMARK OFFICE BUILDINGS

OVERVIEW

Colliers | Fresno is proud to introduce this one-of-a-kind, landmark office building available for sale as a prime office investment in Northeast Fresno. This classic three-story office building known as the Santa Maria Building, is centrally located within the Early California Corporate Center. With a historically high occupancy rate, this Class “A” building provides a unique opportunity with substantial upside, due to the below market lease rates. True pride of ownership has kept this exceptional office building as an ageless, historic landmark property in the highly desirable Northeast Fresno market. A majority of the tenants have been in the building on longer-term leases and numerous lease renewals.

FOR SALE DETAILS

PRICE

$11,399,000 USD

PRICE/SF

$185 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

289

LAND DETAILS

LAND ACRES

4.57 AC

LAND SF

199,069 SF

ZONING

O

APN/PARCEL ID

303-201-10

ASK ABOUT THIS PROPERTY

Michael SchuhColliersMore Info
559-281-6112

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Michael SchuhColliersMore Info
559-281-6112

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