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4817 E McKinley Avenue
Fresno, CA 93703

Price: $4,500,000 Zoning: C-2, Fresno
Bldg SF: 34,160 SF Price/SF: $132
Land SF: 180,774 SF Occupancy: 60%
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685


Matthew Luchs
(818) 212-2727
matthew.luchs@marcusmillichap.com
License # 01948233


John Andreasen
(559) 476-5585
john.andreasen@marcusmillichap.com
License # 02093301

Price: $4,500,000
Bldg SF: 34,160 SF
Land SF: 180,774 SF
Price/SF: $132
Occupancy: 60%
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685


Matthew Luchs
(818) 212-2727
matthew.luchs@marcusmillichap.com
License # 01948233

Investment Highlights

Value-Add Signalized Corner Multi-Tenant Strip Center

 

  • Current rents average $0.75 NNN
  • Significant value-add opportunity, with current significantly below market
  • 60% current occupancy
  • A majority of the leased space expires by 2023, allowing an investor to raise current rents to market
  • Ideally located on the NE signalized corner of Chestnut Avenue and McKinley Avenue

 

Strong Underlying Asset Fundamentals

 

  • Half a mile from the Highway 168 Freeway, with direct freeway access
  • Excellent parking in the front and rear of the property
  • 159 parking spaces, a ratio of 4.72 parking spaces per 1,000 square feet
  • Daily traffic counts north of 15,000 vehicles per day
  • Multiple access points allowing excellent ingress and egress
  • Excellent visibility and frontage
  • Ideally located along a main Fresno thoroughfare

 

Centralized Fresno, CA Location with Dense Immediate Population within 1.4 miles from Fresno Yosemite International Airport

 

  • Less than four miles from downtown Fresno
  • 4 miles from Fresno Yosemite International Airport
  • There are over 16,000 people within one mile of the subject property and over 366,000 people within five miles
  • Surrounded by dense residential, with over 20,260 households located within two miles of the property
  • Average household income of $51,039