457 East Almond Avenue

457 East Almond Avenue is a fully leased medical office investment in Madera, CA, within the Suburban Madera submarket of the Fresno market. The 10,550 SF building pairs 100% occupancy with healthcare tenancy, giving buyers an established income position rather than vacant space to lease.

Built in 2020, the single-story Class A building has four separately leased suites occupied by Rao Dermatology, Advanced Foot Care & Clinical Research Center, J&P Spine Center, and Go Behavioral. Individual entrances and interiors with reception areas, exam and treatment rooms, procedure rooms, nurse stations, and offices support the tenants’ clinical work. On-site parking at 11.0 per 1,000 SF gives patients and staff a defined parking resource. The leases are NNN, with expirations through 2036.

Within the Aman Professional Complex, the Property sits near Madera Community Hospital in the Almond Avenue professional corridor. East Almond Avenue frontage gives the building a direct address on that corridor, while the Almond Avenue interchange provides access to CA-99. The setting connects the healthcare tenant mix to nearby medical activity and gives patients and staff a straightforward route to the site. Madera is 20 miles north of Fresno, extending the Property’s position within the Fresno market.

The asking price is $6,190,000, or $586.73 PSF. NOI is $271,717, with stabilized NOI of $282,071, giving investors separate current and stabilized income figures. The combination of full occupancy, multiple healthcare tenants, and staggered lease expirations frames the purchase around an existing rent stream rather than a near-term lease-up. The Property occupies 1.07 acres zoned PO, Professional Office. Review the Offering Materials for the next step in underwriting.

Highlights

• Advertised Under New Construction Cost
• ±10,550 SF Freestanding Office Building
• ±1.07 AC Parcel
• Fully Leased Investment
• Long-Term NNN Leases
• Four Established Healthcare Tenants
• Lease Expirations Through 2036
• Rao Dermatology
• Advanced Foot Care
• J&P Spine
• Go Behavioral
• Four Separately Leased Suites
• Individual Tenant Entrances
• Reception & Waiting Areas
• Private Offices
• Administrative Areas
• Multiple Exam & Treatment Rooms
• Dedicated Procedure Rooms
• Nurse Stations
• Medical Equipment Areas
• Storage Rooms
• Functional Interior Buildouts
• Specialized Healthcare Improvements
• Zoned PO: Professional Office
• Single-Story Construction

Property details

• Market: Fresno
• Cross streets: Almond & Madera Ave
• Lot area: approximately 46915 SF
• Rent-roll suite area total: 10552 SF
• Suites: four separately leased suites with individual tenant entrances
• Lease expirations: staggered through 2036
• Suite 101
• Rao Dermatology: 2042 SF
• 19.36% of building
• $14.88/SF/year listed price
• $50629 annual rent
• $50629 pro forma
• $24.79 market rent/SF
• lease 2022-03-15 to 2027-03-14
• Suite 103
• Advanced Foot Care & Clinical Research Center: 2964 SF
• 28.09% of building
• $26.09/SF/year listed price
• $78108 annual rent
• $78108 pro forma
• $26.35 market rent/SF
• lease 2020-11-01 to 2030-10-31
• Suite 105
• J&P Spine: 3069 SF
• 29.09% of building
• $20.63/SF/year listed price
• $67980 annual rent
• $67980 pro forma
• $22.15 market rent/SF
• lease 2025-06-01 to 2035-07-31
• Suite 107
• Go Behavioral: 2477 SF
• 23.48% of building
• $30.00/SF/year listed price
• $75000 annual rent
• $75000 pro forma
• $30.28 market rent/SF
• lease 2026-05-01 to 2036-07-31
• Rent-roll totals as printed: 10552 SF
• 100.02% of building