4991 e. mckinley avenue now available for sale or lease
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Brett Todd559 256 [email protected] No. 01912244
Zack Kaufman559 256 [email protected] No. 01902869
Now Available for Sale or LeaseOffice or Light Industrial SpaceColliers International is pleased to present the opportunity to acquire a stabilized office/flex light industrial building, with consistently high occupancy. The property currently ap-proximately 85% occupied, can be delivered 100% occupied with a Seller Lease Back guaranty for one year on all vacant spaces, at close of escrow. The properties common areas were recently remodeled with nice brick walkways and plush landscaping. Recently signed leases with long term tenants show the properties high qualities, and quick absorption on unit turnovers. There is also upside in the property, with lease up, and increasing rents over time, on some of the be-low market rents. See broker for more details.
Gateway Office Complex4991 E. Mckinley AvenueFresno, CA 93727
7485 N. Palm Avenue, Suite 110 Fresno, California 93711P: +1 559 221 1271F: +1 559 222 8744www.colliers.com/fresno
MCKINLEY AVE
CLINTON AVE
CHESTN
UT AVE
MA
PLE AVE
PEACH AVE
SITE
FWY 180: 1.32 MilesFWY 168: 1.21 MilesFWY 41: 2.76 Miles
.63 Miles Ample Parking
HWY
180
HWY
168
Copyright © 2021 Colliers International. Information herein has been obtained from sources deemed reliable, however its accuracy cannot be guaranteed. The user is required to conduct their own due diligence and verification.
This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). ©2020. All rights reserved.
Location 4991 E. McKinley AvenueFresno, CA
Property Size 26,329 RSFGross Scheduled Income;Seller Leaseback Year 1
$276,987* (Gross scheduled income)$213,075.60 (Actual)
Sale Price $3,150,000Existing CAP Rate 4.64%Proforma CAP Rate 6.00%Lease Rate $1.00 PSF, Modified GrossOccupancy Approximately 85%Zoning IL (Industrial Light)Comments Updated exterior and common area’s with func-
tional floor plans. Many allowable uses. *Seller will guaranty $1.00 psf Gross on vacant units for 1 year from close of escrow.
Agents:
Brett [email protected]
Zack [email protected]
Property & Sale Overview
Lease Rate Sale Price
$1.00 PSF $3,150,000
FinancialsActualGross Rent (Annual) $213,075.60Operating Expenses (Actual) 2020 $ 66,366.88Net Income $146,708.92
ProformaGross Rent (Annual) $1.00 PSF/10% Vacancy $284,353.00Operating Expenses (Sale @ $3,150,000) $ 94,641.00Net Income $189,712.00
NAP
Tenants4991 E. McKinley AvenueFresno, CA
Space Available for Lease
This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). ©2020. All rights reserved.
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Agents:
Brett [email protected]
Zack [email protected]
Site Plan
7485 N. Palm Avenue, Suite 110Fresno, CA 93711
P: +1 559 221 1271F: +1 559 222 8744
www.colliers.com/fresno