Description

3727 North First Street is an 8,085 SF office property for sale in Central Fresno, Fresno, CA. The 4,407 SF on offer gives a buyer a space decision alongside the income and lease commitments of this multi-tenant building.

Built in 1971, the building occupies 0.66 acres and has 27 parking spaces. Its multi-tenant configuration gives an investor distinct questions to underwrite: how the existing leases support income and how to position the space on offer. An owner-user can examine that 4,407 SF against its own space needs while accounting for the building’s other tenancies. The parcel is identified by APN 437-073-25 and carries CO, Office Commercial zoning. Together, the building size, site area and parking count define the physical scope of the acquisition without treating the offered space as the entire property.

The asking price is $1,249,000, or $154.48 PSF; the acreage pricing is $1,892,424.24 per acre. In-place NOI is $59,416, compared with $94,378 of stabilized NOI, and in-place rents are $91,191. The reported NOI is $94,378, while the WALT is 7.55 years. For an investor, those figures put current income, stabilized income and lease duration in view beside the 4,407 SF on offer. For an owner-user, the same figures help frame the cost of acquiring space within an income-producing, multi-tenant property rather than a building intended solely for its own occupancy.