Office Space Available in Excellent Condition & Move-In Ready

Attractive building perfectly positioned to offer easy access, strong demographics and traffic generators. Located off of the NW corner of Ashlan & West Ave just East of CA-99, West of Fruit Ave, North of Dakota Ave and South of Shaw Ave. Nearby CA-41 Freeway, State Highway 99, 168 and 180 connect to all parts of central California. Surrounded by many national and regional retailers, a multitude of eateries, and boast high traffic counts on Ashlan Avenue with great population density. Professional manicured grounds and surrounded by neighboring national tenants include Save Mart, Starbucks, McDonalds, O'Reilly Auto Parts, Romeo’s Pizza, 525 Pizza, KFC, Mike's Pizzeria Lounge, ALDI, Taco Bell, Dutch Bros Coffee, Rite Aid, Jack in the Box, Citi, Bank of the West, & more! Directly in front of a Fresno Area Express bus stop (Route 22).100% Leased Investment Opportunity: ±3,264 SF freestanding building on ±0.26 Acres (±11,514 SF) of General, Professional, and/or Medical space off Blackstone on Shields Ave. Offers (5) economical separately metered spaces leased to long-term tenants on AIR lease forms. Value-add opportunity with actual rents of $34,974.31/year collected plus upside through rent increases. After Suite #A and #B’s under-market rates are addressed and the built-in rental increases are experienced, the realistic 12-18 month stabilized gross annual income is $40,260 (15.12% upside). Unique investment offering easy-to-rent small office spaces within an under-built market (replacement value of $546K) with a strong need for these type of spaces. Once stabilized, the deal offers a 11.75% cash-on-cash return when leveraged with 30% down (1.76 DCR). Features a functional floor plan that each tenant has made substantial tenant improvements to. Multiple configurations ranging from 493 SF up to 816 SF with the ability to combine spaces to create larger units. Clean office spaces with fresh paint, new hard-surface flooring, and move-in ready spaces! Each unit has access to high speed Internet, separate meters, access to clean restrooms, private entrances (w/ secured entry gate), 20+ outdoor LED lights during the night hours, and consists of demising walls (can be combined). Brand new asphalt slurry coat, HVAC's and roof are less than 10 years old, full LED exterior lit private parking (plus street), excellent corner signage, great visibility and easy access to CA-41 and CA-99 on/off ramps.±1,461 SF to ±2,411 SF of a fully remodeled "Class A" office space. Each unit has separate entrances and restrooms and can be combined. #105 consists of ±2,411 SF offering (5) private offices, 25' x 30' bullpen, 19' x 16' conference, breakroom, (1) private restroom. #103 consist of ±1,461 SF offering (4) offices and (1) restroom. All units have large open bullpen areas and private ADA restrooms. High-traffic intersection near Shaw Ave retail corridor with many national and local retailers in close proximity. The first-class recent remodel includes brand-new hard-surface flooring throughout, Brand New HVAC's, updated energy efficient features, LED lighting, fresh interior/exterior paint, brand new ADA restrooms, electric security gate, 20+ outdoor LED lights during the night hours, new parking lot and lush landscaping. On site private parking lot (plus street) for various uses (ie. attorney practice, medical uses, professional office, and more). Easy access, abundant parking, spacious new restrooms, and direct signage/ exposure to the newly upgraded West Ave.