ABOUT 1396 W HERNDON AVE , FRESNO, CA 93711

  • Price: $6,805,000
  • Sale Conditions : Sale Leaseback, Investment Triple Net
  • Property; Type Office
  • No. Stories: 1
  • No. Stories: 1
  • Building Class: B
  • Year Built :1992
  • Sale Type: Investment
  • Tenancy :Single
  • Cap Rate: 6.50%
  • Zoning Description: O - Office
  • Lot Size: 1.87 AC
  • APN / Parcel ID :405-450-16
  • Rentable Building Area: 21,685 SF

DESCRIPTION

This property is located a few blocks from Fresno’s second busiest intersection (Palm & Herndon) which has over 92,000 vehicles per day. This property has easy access to highways 99 and 41, with close proximity to many ancillary services such as banks, retail, and restaurants.

HIGHLIGHTS

  • Five-Year Absolute NNN Lease | 2.5% Annual Increases
  • Single Tenant | The Assemi Group
  • Located in 12-Building, 90,000 SF, Office Complex
  • No Landlord Responsibilities