Property listed by Epique Realty, Gurbeer Sangha, 888-893-3537
444 E Olive Avenue
Fresno, CA 93728
Square Ft.
3,444
$1,275,000
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.… Read More 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 Read Less
Listing Snapshot
Days Online
51
Last Updated
Property Type
Commercial
Square Ft.
3,444
Lot Size
0.24 Acres
Year Built
1987
MLS Number
655754
Additional Details
Property Access
Frontage Type: City Street
Building
Built in 1987, Living area: 3444, Living area units: Square Feet
Cooling
Central Heat/Cool
Disclosures
Disclaimer: Information herein deemed reliable but not guaranteed, representations are approximate, individual verification recommended.
