190 Van Ness Avenue
Fresno, CA 93701

190 Van Ness Professional Office Suites is a 12 individual unit single story office building that was completely remodeled in early 2023. It is ideally located in Downtown Fresno and is well positioned with upside potential. Current pricing reflects a pro-forma 6.2 Cap Rate. The property is almost finished being leased up and rents per square foot have risen over 20% since April 2023 when the property was able to be leased. Rents are expected to continue to rise quickly due to a lack of individual office suites in this area. With no rent control on office space, future rent increases can be raised according to market rents and are not subject to incremental rent raises. Property is fully ADA compliant. Ideal tenants include esthetician and beauty services, barbers and salons, therapists, tech services, e-commerce, legal services, notary's, insurance services, realtors, and more. Contact your agent or the listing agent for the property brochure which includes the current rent roll and pro-forma financials.