For Sale
$4,395,000

660 Locust AveFresno, CA 93650

Prime Palm Bluffs location, high NOI, 18,050 SF

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 18,050-square-foot executive office building is situated in Fresno's desirable Palm Bluffs development at 660 W Locust Ave, zip code 93650. Offered at $4,395,000, it boasts a strong 6.01% capitalization rate and a net operating income (NOI) of $264,305. The property sits on a 1.63-acre lot (APN 405-550-77) and is zoned IL. The building currently features a multi-tenant configuration, presenting a potential owner-user opportunity with stable occupancy in the other suites. Ample parking is available, with approximately six stalls per 1,000 square feet. Its prime location offers easy access to major services and amenities within the Palm Bluffs area. The price per square foot is $243.49. This presents a compelling investment opportunity in a thriving Fresno location. The building's strategic location and strong financial performance make it an attractive prospect for both investors and owner-occupiers seeking a high-quality office space in a convenient and well-established area of Fresno, California.

Highlights

  • $4,395,000 asking price for an 18,050 square foot office building.
  • 6.01% cap rate with a $264,305 net operating income (NOI).
  • Located in the prime Palm Bluffs area of Northwest Fresno, CA, near major amenities.
  • Features approximately 6 parking stalls per 1,000 square feet.
  • Potential owner-user opportunity with existing stable occupancy.

Property Details for 660 Locust Ave

Property type
Office properties
Square Feet
18,050 SF
Lot Size (sq. ft)
71,003 SF

Location Insight

City
Fresno
County
Fresno
State
California
Latitude
36.8408175
Longitude
-119.8054772
660 Locust Ave, Fresno, California

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660 Locust Ave
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