4930 E ASHLAN AVE - LoopNet · Taxes $17,898 $2.16 Landscape $4,560 $0.55 Security $660 $0.08 Water & Sewer $3,012 $0.36 Trash $1,245 $0.15 Administrative $3,300 $0.40 Gross Expenses

4930 E ASHLAN AVEFresno, CA 93726

FOR SALEMulti-Tenant Office/Retail Building

1967 N GATEWAY BLVD | FRESNO, CA 93727 | 559-369-2750 | BCFRESNO.COM

BOESE COMMERCIALContact Us

559-369-2750CalDRE #[email protected]

ROB BOESEPresident/Broker

559-369-2750CalDRE #01922740

[email protected]

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OFFERING SUMMARY

Sale Price: $1,400,000

Price / SF: $168.67

Cap Rate: 8.18%

NOI: $114,575

Lot Size: 0.85 Acres

Year Built: 2009

Building Size: 8,300

Zoning: CC

Traffic Count: 70,443

8,300 square foot Multi-tenanted Retail/Office building on E Ashlan Avefor Sale. The property was built in 2009 and has been well maintained bysingular ownership. Property offers well balanced tenant mix with a 1:2combination of office and retail units. Ample parking available in surfacelot, accessible from the North and South.

PROPERTY OVERVIEW

Located on the border of Fresno and Clovis off of N Willow Avenue, theProperty is situated on Ashlan between Chestnut Diagonal and Winery. Itis surrounded by a variety of community areas including two small retailcenters to the East and West. Also nearby are a professional office parkand residential neighborhoods to the North.

LOCATION OVERVIEW

Fresno, CA 937264930 E ASHLAN AVE

EXECUTIVE SUMMARY




559-369-2750CalDRE #01922740

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SALE PRICE $1,400,000

LOCATION INFORMATION

Street Address 4930 E Ashlan Ave

City, State, Zip Fresno, CA 93726

County/Township Fresno

Side Of Street South

Nearest Highway Fwy 168

Nearest Airport Fresno Yosemite International Airport

BUILDING INFORMATION

Building Size 8,300 SF

Building Class B

Occupancy % 100%

Tenancy Multiple

Year Built 2009

PROPERTY DETAILS

Property Type Office

Property Subtype Office Building

Zoning CC

Lot Size 0.85 Acres

APN# 493-180-18

Lot Frontage 204

Lot Depth 218

Traffic Count 70,443

Parking Type Surface

Traffic Count Street Willow & Ashlan

Traffic Count Frontage 204


PROPERTY DETAILS




559-369-2750CalDRE #01922740

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LOCATION MAPS




559-369-2750CalDRE #01922740

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FINANCIAL SUMMARY

INVESTMENT OVERVIEW 2018 FINANCIALS

Price $1,400,000

Price per SF $168.67

CAP Rate 8.2%

Cash-on-Cash Return (yr 1) 8.18 %

OPERATING DATA 2018 FINANCIALS

Gross Income $150,292

Operating Expenses $35,717

Net Operating Income $114,575




559-369-2750CalDRE #01922740

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INCOME SUMMARY 2018 FINANCIALS PER SF

Rental Income (2018) $121,890 $14.69

CAM Reimbursement $28,401 $3.42

Rental Income (2019) - -

Rental Income (2020) - -

Gross Income $150,292 $18.11

EXPENSE SUMMARY 2018 FINANCIALS PER SF

Insurance $5,040 $0.61

Taxes $17,898 $2.16

Landscape $4,560 $0.55

Security $660 $0.08

Water & Sewer $3,012 $0.36

Trash $1,245 $0.15

Administrative $3,300 $0.40

Gross Expenses $35,717 $4.30

Net Operating Income $114,575 $13.80


INCOME & EXPENSES




559-369-2750CalDRE #01922740

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TENANT

NAME

UNIT

NUMBER

UNIT

SIZE (SF)

LEASE

START

LEASE

END

% OF

BUILDING

MONTHLY

RENT

ANNUAL

RENT

ASI 101 4,700 06/2013 05/2023 56.63 $5,289.89 $63.478.68

G&R Hair Salon 102 1,800 04/2014 03/2019 21.69 $2,329.69 $27,956.00

Creative Cakes & More 103 1,800 04/2014 03/2019 21.69 $2,538.00 $30,456.00

Totals/Averages 8,300 $10,157.58 $121,890.96


RENT ROLL




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RETAILER MAP




559-369-2750CalDRE #01922740

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POPULATION 1 MILE 5 MILES 10 MILES

Total population 13,835 386,617 746,655

Median age 30.2 30.3 31.4

Median age (Male) 28.4 29.1 30.4

Median age (Female) 31.3 31.8 32.5

HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILES

Total households 5,411 127,306 244,824

# of persons per HH 2.6 3.0 3.0

Average HH income $48,141 $55,041 $63,035

Average house value $237,417 $291,099 $303,446

* Demographic data derived from 2010 US Census


DEMOGRAPHICS MAP

4930 E ASHLAN AVE - LoopNet · Taxes $17,898 $2.16 Landscape $4,560 $0.55 Security $660 $0.08 Water & Sewer $3,012 $0.36 Trash $1,245 $0.15 Administrative $3,300 $0.40 Gross Expenses

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