1221 VAN NESS AVE FRESNO CA 93650

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1221 VAN NESS AVE FRESNO CA 93650

FRESNO, CA 93650
Asking Price
$2.60M
Asset Type
Office
Class
Class B

What's Special

Office | 47,040 SqFt <ul><li>​Six-story office building with basement totaling approximately 47,040 gross square feet</li><li>​Prominently located in the core of Downtown Fresno</li><li>​Constructed in 1967 - solid structural footprint</li><li>​Well-suited for owner-user occupancy, redevelopment, or value-add repositioning</li><li>​Currently vacant with immediate flexibility for new owner</li><li>​Multi-story configuration and basement level allow for a variety of potential uses</li><li>​Proximity to downtown govern

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NOI
$80,000
Cap Rate
3.08%
DSCR
0.52
Underwater
Cash-on-Cash
-9.53%
Monthly Payment
$12,863.381
Annual Cash Flow
$-74,360.577

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