5475 AND 5477 N. FRESNO STREET · 2020-04-04 · North Fresno Space For Sale William M. Scott Broker DRE License 00458978 C (559) 905-3956 E [email protected] 7511 N. Remington

Location, demographics and plan information is supplied by sources believed to be reliable, However, we can not guarantee its accuracy. It is presented here with the possibility of errors, omissions, changes of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and these may not represent current or future performance of the property. All inquires about content should be directed to the Broker (DRE) Lic# 00458978 © William Scott, WM Scott Commercial” All rights reserved

William M. ScottBroker

DRE License # 00458978

C (559) 905-3956E [email protected] N. Remington Suite 103Fresno, California 93711

5475 AND 5477 N. FRESNO STREETNorth Fresno Office Buildings For Sale

North of Barstow on Fresno Street | Fresno, California

Some of the Excellent Property Features include:

• 1 Mile from Freeway 41 On/Off ramps at Bullard, or at Shaw

• Prime North Fresno Location

• Fresno Street Signage Available• Close to Major Retailers & Public Transportation• Contemporary Architecture

North Fresno Space For Sale




5475 AND 5477 N. FRESNO ST. | FRESNO, CA.

Property SummaryLocation: Situated on the west side of North Fresno Street, just North of Barstow Avenue. One block away from Freeway 41 On/Off Ramps at Bullard or Shaw.

Sale Price: $1,450,000.00

CAP Rate: 6.4%

Building Size: Approximately 3,508 SF @ 5475 N. Fresno St. plus one condominium unit offered (seperately consisting of 1,952 SF (see note below). Approximately 8,720 SF @ 5477 N. Fresno St. Total 12,228 SF ±Interior Improvements: Two Dental Suites, and remainder is general office.

Parking Ratio: ±4 stalls per 1,000 SF of floor space

Access to Building: Contact Listing Agent.

Features: Situated in prime office developments, with retail close by. Dental spaces overlook an outside atrium. Major Fresno Street Signage is available. Designed by Gene Zellmer.

Note: A dental condominium suite is located in 5475 consisting of 1,952 SF ± and is offered for sale separately by its owner at $300,000.00. This is separate from this memorandum of sale.

✓

✓

✓

✓






Vicinity Map






Site Location






Gross Rental Income:Deduct Vacancy Reserve (Note 1)Adjusted Gross Income

Operating ExpensesMiscellaneous ExpenseGardening (Atrium Only)JanitorialServices (Other)Repairs & Maintenance (Note 2)UtilitiesCAM Expense (Note 3)Property ManagementTotal Operating Expenses

Net Operating Income

$150,168. 547,508. 43

$142,660.11

$1,141.504,695.503,042.868,427.68

8,548.843,691.81

13,931.745,780.16

$49,260.09

$93,400.02

Projected Statement of Income and Expenses

Vacancy Reserve is calculated 5% of Gross Income as a reserve for tenant turnover.

Repairs & maintenance, 6% of AGI, excludes capital expenditures.

CAM EXPENSES are that amount attributable to the subject properties only. CAM’s include water, power, and gardening including tree trimming, parking lot sweeping, and repairs.Individual owners are required by CC&R’s to contribute a proportionate share of the agreed upon budget at 25% each. Two owners are in default of their obligation to this ownership group.

Source data for this Projected Statement of Income and Expenses is the report for the twelve months ended December 31st, 2019 prepared by Robert L. Jensen & Associates, as well as the consultation with Robert Jensen property manager, and the seller.

Note 1.

Note 2.

Note 3.

Note 4.

FOR SALENORTH FRESNO ST. PLANNED OFFICE DEVELOPMENT

5475 AND 5477 N. FRESNO STREET / FRESNO, CALIFORNIA

Disclaimer to Offering MemorandumThe information contained in this offering memorandum is strictly confidential, furnished solely for the purpose of review by a prospective purchaser for 5475 and 5477 N. Fresno Street, Fresno CA (Property) and is not to be used for any other purpose or made available to any other without the expressed written consent of WM Scott Commercial.

The material is based in part upon information supplied by the owner and in part upon information obtained by WM Scott Commercial from sources it deems reasonably reliable. Summaries and document are not intended to be comprehensive or all-inclusive but rather only an outline of some of the provisions contained therein.

No warranty or representation, expressed or implied, is made by owner or WM Scott Commercial as to the accuracy of the information contained herein or any other written or oral communication transmitted to prospective purchaser in the course of its evaluation of the property. No liability is assumed in connection with the information or such other communication limited the generality of the foregoing, the information shall not be deemed a representation of the state of affairs of the property or constitute an indication that there has been no change in the business or affairs of the property since the date of the preparation of the information.

Prospective Purchaser should make their own projections and conclusions without reliance upon the materials and information contained herein and conduct their own independent due diligence, including engineering and environment inspection, to determine the condition of the property and its feasibility for the intended use of prospective purchasers and the existence of any potentially hazardous material located at the site.

This offering memorandum was prepared by WM Scott Commercial and has been reviewed by the owner. It contains select/limited information pertaining to the property and does not purport to be all-inclusive or to contain all the information, which a prospective purchaser may desire. All financial projections are provided for general reference purpose only and are based on assumptions relating to the general economy, competition, and other beyond control and , therefore, are subject to material change or variation. An opportunity to inspect the property will be made available to qualified prospective purchasers.

In this offering memorandum, certain documents and other materials are described in summary form. The summaries do not purport to be nor, necessarily, accurate descriptions of the full agreements involved, nor do they constitute a legal analysis of such documents. Interested parties are expected to independently review all documents with their/its advisors.

This offering memorandum is subject to prior placement, errors, omissions, changes or withdrawal without notice and does not constitute an endorsement of advice as to the value of the own investigation, evaluation, and judgment as to the advisability of purchasing the property described herein. Owner and The WM Scott Commercial expressly reserve the right, at their sole discretion, to reject any party at any time with or without notice. Owner shall have no legal commitment or obligation to interested party reviewing this offering memorandum or making an offer to purchase the property unless a written agreement for the purchase of the property owners obligations there under have been satisfied and delivered by owner and such part and any conditions to owners obligations there under have been satisfied or waived and then only to the extent expressly provided to therein. The WM Scott Commercial is not authorized to make any representations or agreements on behalf of the owner.

This offering memorandum is the property of WM Scott Commercial and may be used only by the parties approved by WM Scott Commercial. By accepting delivery of this offering memorandum, the party in possession hereof agrees to return it to WM Scott Commercial immediately upon request of WM Scott Commercial Company or owner and that this offering memorandum and its contents are of a confidential nature and will be held and treated in the strictest confidence. No portion of this offering memorandum may be copied or otherwise reproduced or disclosed to anyone without the prior written authorization of WM Scott Commercial and owner.

The terms and conditions set forth above apply to the offering memorandum in its entirely.

559-905-3956 [email protected] M. SCOTTDRE License #00458978

Documents

5475 AND 5477 N. FRESNO STREET · 2020-04-04 · North Fresno Space For Sale William M. Scott Broker DRE License 00458978 C (559) 905-3956 E [email protected] 7511 N. Remington