Shaw East Professional Center

2743 E Shaw Ave,
Fresno, CA 93710

Fully Leased Office Complex Near Major University

$1,621,000
Price
$105,380
NOI
6.50%
Cap Rate
$120
Price Per SF
13,477
Building SF
Multiple
Tenancy
$1,621,000
Price
$105,380
NOI
6.50%
Cap Rate
$120
Price Per SF
13,477
Building SF
Multiple
Tenancy

INVESTMENT OVERVIEW

  • Essential CRE is pleased to present the opportunity to acquire the fee simple interest in Shaw East Professional Center located at 2743 East Shaw Avenue in Fresno, CA (Fresno County). The subject property was constructed in 1982, resides on three parcels totaling 1 acre of land and is strategically positioned on East Shaw Avenue, a major commercial arterial in Fresno with 41,681 vehicles per day This site benefits from its proximity to California State University Fresno and convenient access to HWY 168. Assorted tenant lineup consists of operators servicing to local and university related customers.

INVESTMENT HIGHLIGHTS

  • Fully Leased Office Complex with Diverse Tenant Lineup in Primary Central California Submarket
  • Strategically Located Across from Major California State University with Easy Access to Highway 168
  • Surrounded by Commercial Retailers, Residential Housing, and Office Complexes; Strong Demographics, Population; Just under 400k within 5 Mile Radius

MARKET OVERVIEW

  • Fresno is located in the central California's - San Joaquin Valley. It is the fifth-largest city in California and the 34th largest in the United States by population. Fresno is is approximately halfway between Los Angeles and San Francisco. Historically, Fresno's economy has been heavily reliant on agriculture, given its location in the fertile Central Valley. It is a major agricultural hub, producing crops such as grapes, almonds, and citrus fruits. In addition to agriculture, Fresno has a growing healthcare sector and other industries contributing to its economy. Fresno is home to California State University, Fresno (commonly known as Fresno State), which is a major public university in the California State University system. Fresno is well-connected by major highways, including State Route 99, which runs through the city. The Fresno Yosemite International Airport provides air travel services to the region.
  • California State University, Fresno, commonly known as Fresno State, is a public university and part of the California State University (CSU) system. Fresno State offers a wide range of undergraduate and graduate programs across various disciplines, including agriculture, business, education, engineering, health and human services, science and mathematics, social sciences, and arts and humanities. Fresno State offers a wide range of undergraduate and graduate programs across various disciplines, including agriculture, business, education, engineering, health and human services, science and mathematics, social sciences, and arts and humanities. Fresno State has undergone campus expansion and development over the years to accommodate the growing student population and enhance its academic and recreational facilities. Fresno State is deeply involved in the local community, fostering partnerships with businesses, government agencies, and community organizations.
FOR MORE DETAILS CONTACT
Michael Cisternino
Managing Principal
(925) 388-0888
michael@essentialcre.com
CA 01708023, NV 1002492, ID PR59295
Nick Cole
Vice President of Investments
(925) 482-7044
nick@essentialcre.com
CA 01977282