Value Add Investment Building w/ Blackstone Exposure

Well known freestanding building offering strong demographics and traffic generators. Nearby CA-41 Freeway, State Highway 99, 168 and 180 connect to all parts of central CA. On Blackstone Ave, just north of E Princeton Ave, west of CA-41, & south of E Shields Ave in Fresno, CA. Provides easy access to the newly renovated 1.1 million SF Manchester Center and various Blackstone Ave retail amenities. Professional manicured grounds and surrounded by lush landscaping with ample private parking. Close access to FAX bus stop (preferred Route 1 - Q Rapid Transit BRT with 31 drops every 14 minutes). 3/4 mile from (2) CA-41 on/off-ramps: Shields/41 to the north, and McKinley/41 to the south. Surrounding national tenants are In-n-Out, McDonalds, Regal Cinemas 16, Footlocker, El Pollo Loco, T-Mobile, Cricket, Panda Express, Starbucks, Grocery Outlet, Von’s, Pep Boys, O’Reilly Auto Parts, Hometown Buffet, Denny’s, Quizno’s, Dollar Tree, Planet Fitness, Subway, & Grifols.Value add investment opportunity: Freestanding building totaling ±6,866 SF on ±0.4 Acres (±17,424 SF) of office or retail space off Blackstone Ave. Offers (9) economical separate spaces each with a private restroom leased to long-term tenants at a modified gross lease rate. (2) suites feature brand new HVAC's. Cash cow with in-place rents collected plus upside potential. All tenants pay the scheduled base rent plus the actual cost of all customary "pass-through" expenses such as Trash, Water, and Electrical to eliminate these items from the Landlords ledger. After realizing the scheduled annual increases (3%/ year) and extending leases to the market rate of $1.40/SF/month for the smaller units, the realistic 6-12 month gross annual income is scheduled to be $94,584 (25% upside). Unique investment offering easy-to-rent small office spaces in a under-built market offering a strong need for these type of spaces. The deal offers a 9.87% cash-on-cash return when leveraged with 30% down, producing a 2.01 DCR! Unique flexibility offering configurations ranging from ±375-1,200 SF with the ability to combine spaces to create larger units via existing connecting doors between the units. Access to high speed Internet, separate meters, private ADA restrooms, full exterior lit private parking lot, excellent existing signage, great visibility & easy access to CA-41 ramps.±750 SF of General, Professional, and/or Medical Office space available for lease one block off Mooney Blvd! Clean office spaces with fresh paint, newer flooring, and move-in ready! Each unit has access to high speed Internet, is separately metered, has private restrooms, private entrances, and consists of demising walls (can be combined). Brand new asphalt slurry coat, HVAC's and foam roof are less than 10 years old, full exterior lit private parking (24 spaces plus street), excellent existing corner signage, great visibility and easy access to CA-198 and CA-99 on/off ramps.