Office Building For Sale - LoopNet€¦ · Office Building For Sale Investment Summary | 02...

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OFFERING MEMORANDUM Office Building For Sale 2519 W. Shaw Ave., Suite 101 Fresno, CA 93711 POSSIBLE SELLER FINANCING AVAILABLE

Transcript of Office Building For Sale - LoopNet€¦ · Office Building For Sale Investment Summary | 02...

Page 1: Office Building For Sale - LoopNet€¦ · Office Building For Sale Investment Summary | 02 OFFERING SUMMARY ADDRESS 2519 W. Shaw Ave., Suite 101 Fresno CA 93711 COUNTY Fresno MARKET

OFFERING MEMORANDUM

Office BuildingFor Sale

2519 W. Shaw Ave., Suite 101Fresno, CA 93711

POSSIBLE SELLER FINANCINGAVAILABLE

Page 2: Office Building For Sale - LoopNet€¦ · Office Building For Sale Investment Summary | 02 OFFERING SUMMARY ADDRESS 2519 W. Shaw Ave., Suite 101 Fresno CA 93711 COUNTY Fresno MARKET

Office Building For Sale Investment Summary | 02

OFFERING SUMMARYADDRESS 2519 W. Shaw Ave., Suite 101

Fresno CA 93711

COUNTY Fresno

MARKET Located in West Shaw Financial Park

BUILDING SF 4,242 SF

NET RENTABLE AREA (SF) 4,100

LAND SF 8,576 SF

YEAR BUILT 1979

MONTHLY ASSOCIATION FEE $432.00

APN 424-580-07

OWNERSHIP TYPE Fee Simple

FINANCIAL SUMMARYOFFERING PRICE $395,000

PRICE PSF $96.34

OCCUPANCY 27.00 %

DEMOGRAPHICS 1 MILE 3 MILE 5 MILE2018 Population 16,831 142,051 305,943

2018 Median HH Income $47,082 $53,077 $49,597

2018 Average HH Income $71,701 $77,596 $71,073

Limited Shaw Ave. Exposure

Possible Seller Carry Back Financing

Ample Parking

Suites with Open Work Areas

Easy Access to Freeways

Professional office building with limited Shaw Ave. exposurelocated in the West Shaw Financial Park that features delightfullandscape grounds and easy access to Freeways 41 & 99.Possible seller-carry back financing with terms to be negotiated.Suite 101 is currently leased with a monthly lease rate of $620.Building's floor plan includes 2 common restrooms and 3separate office suites which include abundant amount of openwork areas and storage spaces.

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Office Building For Sale Location Summary | 03

Located in the West Shaw Financial Park associationwith limited exposure to Shaw Ave., delightfullandscape grounds, ample parking, and easy accessto Freeways 41 & 99. Current monthly association feeis $432.00.

Regional Map

Locator Map

Page 4: Office Building For Sale - LoopNet€¦ · Office Building For Sale Investment Summary | 02 OFFERING SUMMARY ADDRESS 2519 W. Shaw Ave., Suite 101 Fresno CA 93711 COUNTY Fresno MARKET

Office Building For Sale Property Features | 04

Site DescriptionNUMBER OF TENANTS 1

BUILDING SF 4,242

NET RENTABLE AREA (SF) 4,100

LAND SF 8,576

YEAR BUILT 1979

MONTHLY ASSOCIATION FEE $432.00

# OF PARCELS 1

ZONING TYPE CMX-Corridor/Center Mix

NUMBER OF STORIES 1

NUMBER OF BUILDINGS 1

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Office Building For Sale Aerial Map | 05

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Office Building For Sale Parcel Map | 06

Page 7: Office Building For Sale - LoopNet€¦ · Office Building For Sale Investment Summary | 02 OFFERING SUMMARY ADDRESS 2519 W. Shaw Ave., Suite 101 Fresno CA 93711 COUNTY Fresno MARKET

Office Building For Sale Rent Roll Details | 07

Lease Term Rental RatesSuite Tenant Name Square

Feet% of NRA Lease Start Lease End Begin Date Monthly

Base RentMonthlyPSF

Annual BaseRent

AnnualPSF

Lease Type Options/Notes

101 Manuel J. Chunza 1,107 27.00% 03/01/18 02/29/20 CURRENT $620 $0.56 $7,439 $6.72 Full Serviceexcludingjanitorial

Suite Sq. ft. figure isapproximate and buyerstrongly recommended toconfirm.

102 Vacant 1,599 39.00% 01/01/00 CURRENT Suite Sq. ft. figure isapproximate and buyerstrongly recommended toconfirm.

104 Vacant 1,394 34.00% 01/01/00 CURRENT Suite Sq. ft. figure isapproximate and buyerstrongly recommended toconfirm.

Totals 4,100 $620 $7,439

Notes: Suite sq. ft. are approximate and buyer is encouraged to verify.

Page 8: Office Building For Sale - LoopNet€¦ · Office Building For Sale Investment Summary | 02 OFFERING SUMMARY ADDRESS 2519 W. Shaw Ave., Suite 101 Fresno CA 93711 COUNTY Fresno MARKET

Office Building For Sale

CONFIDENTIALITY and DISCLAIMERThe information contained in the following offering memorandum is proprietary and strictlyconfidential. It is intended to be reviewed only by the party receiving it from Maroot Propertiesand it should not be made available to any other person or entity without the written consent ofMaroot Properties .

By taking possession of and reviewing the information contained herein the recipient agrees tohold and treat all such information in the strictest confidence. The recipient further agrees thatrecipient will not photocopy or duplicate any part of the offering memorandum. If you have nointerest in the subject property, please promptly return this offering memorandum to MarootProperties . This offering memorandum has been prepared to provide summary, unverifiedfinancial and physical information to prospective purchasers, and to establish only a preliminarylevel of interest in the subject property.

The information contained herein is not a substitute for a thorough due diligence investigation.Maroot Properties has not made any investigation, and makes no warranty or representationwith respect to the income or expenses for the subject property, the future projected financialperformance of the property, the size and square footage of the property and improvements, thepresence of absence of contaminating substances, PCBs or asbestos, the compliance with local,state and federal regulations, the physical condition of the improvements thereon, or financialcondition or business prospects of any tenant, or any tenant’s plans or intentions to continue itsoccupancy of the subject property.

The information contained in this offering memorandum has been obtained from sources webelieve reliable; however, Maroot Properties has not verified, and will not verify, any of theinformation contained herein, nor has Maroot Properties conducted any investigation regardingthese matters and makes no warranty or representation whatsoever regarding the accuracy orcompleteness of the information provided. All potential buyers must take appropriate measuresto verify all of the information set forth herein. Prospective buyers shall be responsible for theircosts and expenses of investigating the subject property.

Maroot Properties

Greg MarootBroker/OwnerLic: 01102553(559) [email protected]

5067 N. Mariposa St., Ste. 102, Fresno, CA 93710 powered by CREOP