Sunnyside Square

32,749 SF | 83% Leased | Retail Building | Fresno, CA 93727 | $5,112,000 ($156/SF) | 7.56% Cap Rate

Asking Price $5,112,000

Property Type: Retail
Square Feet: 32,749 SF
Price / Square Foot: $156

Listing Contacts

Dan Riley

Verified Profile

Austin Wolitarsky

Verified Profile

Property Info

Property Overview

ADDRESS: 5540-5566 E. Kings Canyon Rd, Fresno, CA
YR. 1 PROFPRMA NOI & CAP RATE %: $386,279 | 7.56%
YR. 2 PROFORMA NOI & CAP RATE %: $426,027 | 8.33%
OCCUPANCY: 81%
# OF SUITES: Eight (8)
BUILDING SIZE: +/-32,749 SF
LAND SIZE: +/- 122,839 SF (+/-2.82 Acres)
OWNERSHIP: Fee Simple (Land & Building)
PARKING: +/- 192 (3.9/1,000 SF entire center 49,457 SF)
DEBT: Delivered Free & Clear of Existing Debt *Possibly for HNW Investor to assume existing debt (+/-$2,175,000, 5.75% P&I, Due in 5yrs., 25yr Amort)

Property Details

Class: B
Year Built: 1957
Stories: 1
Property Subtype: Freestanding
Lot Size (sq. ft): 123,275 SF

Highlights

In-Place Income with Value Add Upside Potential
Tenured Tenants | Recent County Library Extension | Below Market Rents
Synergistic Mix of Internet Resistant Tenancy
Strong Real Estate Fundamentals | Irreplaceable Location
Resurgent Retail Corridor | Ideal Trade Area Demographics

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