444 E Olive AVE, Fresno, CA 93728
444 E Olive AVE, Fresno, CA 93728
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Travis Breton

Travis Breton

+1(760) 470-2752
$ 1,275,000
Est. payment | /mo

3,444 SqFt

Save
$ 1,275,000
Est. payment | /mo
Save

3,444 SqFt

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 3,444 sqft

Price per Sqft $370

MLS Listing ID 655754

HOA Y/N No

Year Built 1987

Lot Size 10,528 Sqft

Property Sub-Type Commercial

Property Description

Two-tenant retail investment opportunity located at 444 E Olive Ave in Fresno. The property consists of approximately 3,444 square feetand is occupied by two established tenants: a laundromat and a pizza restaurant. Asking price is $1,275,000. Based on seller-providedestimated NOI of $76,601, the offering reflects an approximate 6.01% cap rate. The property also reflects an approximate 8.11% grossscheduled income yield based on total annual gross billings. Current lease structure includes base rent plus NNN reimbursements,existing 3% yearly rent raises, and tenant reimbursement obligations. Seller is currently negotiating updated long-term leasedocumentation with the existing tenants. The property benefits from a visible Olive Avenue location, established neighborhood traffic,and income from two separate tenants. Please contact listing agent for rent roll, operating statement, lease information, and duediligence materials. Buyer to verify all income, expenses, lease terms, square footage, zoning, permitted uses, taxes, and reimbursableexpense treatment

Location

State CA

County Fresno

Zoning CMS

Interior

Cooling Central Heat/Cool

Exterior

Parking Features 10 - 20 Spaces

Roof Type Flat

Building

Sewer Public Sewer

Water Public

Fresno MLS
Listed by Gurbeer Sangha Epique Realty

Nearby Locations

Travis Breton

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(760) 470-2752

travisbreton@gmail.com

1902 Wright Place #200, Carlsbad, CA 92008, USA

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444 E Olive AVE

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