Description

We are offering 7206 and 7210 North Milburn Avenue in Fresno, California, for sale at $10,499,000, or about $552.93 per square foot. The property consists of two freestanding, single-story Class A office buildings with a combined 18,988 square feet on roughly 1.82 acres at the southeast corner of North Milburn and West Spruce Avenues. The site is zoned O (Office) by the City of Fresno and carries Assessor's Parcel Number 502-160-13.

The buildings are divided into seven separately configured suites ranging from about 1,200 to 6,114 square feet. Five suites are leased to healthcare users, including Rebound Physical Therapy, Silver Summit Medical Co., Central Valley Advanced Spine, Optimal Medical and Advanced Foot Care & Clinical Research Center, with lease terms running as late as 2036. Two suites totaling about 2,874 square feet are vacant, giving a buyer in-place income plus upside through lease-up.

Interiors have been remodeled with updated paint and flooring. Existing improvements include reception and waiting areas, private offices, exam and treatment rooms with sinks, nurses' stations, storage and ADA restrooms, and several suites have separate rear entrances. Exteriors are tile, glass and stucco, and parking surrounds the buildings at about 5.21 stalls per 1,000 square feet.

The elevated corner site offers signage on Milburn and Spruce Avenues in North Fresno, with convenient access to Herndon Avenue, nearby shopping and dining, and State Routes 99 and 41. Jared Ennis and Kevin Land of Central CA Commercial can provide the rent roll, operating statement and full offering memorandum.