Approximately ±41,019 Sq. Ft. – Improved Offices & Warehouse
3240 N. Millbrook – STATE OF CALILFORNIA DEPARTMENT OF TRANSPORTATION
(CAL-TRANS) – ±22,631 SF OFFICE/WAREHOUSE FACILITY – BUILDING B
±13,518 SF. TWO STORY OFFICE BUILDING – BUILDING A
Leased through 10/31/22*
* ASK ABOUT SELLER RENEWAL GUARANTEE FUNDS
3747 E. Shields – CALIFORNIA RURAL LEGAL ASSISTANCE (CRLA) – ±4,870 SF
Leased through 03/31/26
Total Size: ±41,019 SF on 2.67 Acres
Price/SF: $103 / SF
APN #: 437-301-14
Year Built: 1975 Remodeled & Upgraded 2016 – Present
Zoning: C-P (Commercial/Professional)
Parking: Appx 138 Parking Stalls – Secured & Fenced Parking
CRLA Construction: Concrete/Wood
CAL TRANS Construction: Wood/Stucco/Steel
Location & Access: Centrally Located between Freeways 41 & 168. Both ingress & egress to the buildings are good from Shields, Millbrook and Eighth Street. Over 200,000 sq. ft. of County of Fresno, Federal Government & State of California nearby.
See Brochure for Income & Expense Sheet, Income & Expense Analysis purchase scenario, and Rent Roll overview
California Department of Transportation (CAL TRANS): This division of Cal Trans performs a variety of functions including periodic testing of all building and construction materials used for installation and repair of California’s highway roads, freeways, bridges, interchanges, overpasses, etc. They test materials such as concrete, asphalt, steel and related road and bridge construction materials. Upon recent office tenant renewal, landlord provided tenants requested improvements, including new asphalt parking lot, among many other items.
California Rural Legal Assistance (CRLA): CRLA is a privately funded rural Justice Center focused on serving farm workers and low-wage rural workers. Their offices were completely remodeled to suit, with new construction, carpet and paint throughout.
- 100% Leased to California Department of Transportation & California Rural Legal Services (“Essential Tenants”)
- 13.75% Return on Cash
- 7.90% CAP Rate
- Big upside on rents