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6-unit office building w/ existing cash flow 3727 N 1st St 8,085 SF 100% Leased Office Building Fresno, CA 93726 $1,813,300 CAD ($224.28 CAD/SF) 5.79% Cap Rate
INVESTMENT HIGHLIGHTS
- Strong existing cash flow with established tenants w/ Long-Term Leases
- Priced Below Replacement Cost
- Easy Lease-able Units w/ Low Vacancy Turnover
EXECUTIVE SUMMARY
Well-maintained 6-unit commercial/office building offering strong existing cash flow. Four units are leased to established tenants, one is owner-occupied, and one is currently vacant — providing immediate lease-up or owner-user potential. Long-term tenants contribute to consistent occupancy.
This professionally managed property features a private parking lot with 27 total spaces (including 1 ADA-compliant), 15 of which are directly in front of the building for convenient customer access. Located on a corner parcel, the building benefits from excellent visibility and is secured with iron gates and LED-lit parking areas.
Key upgrades include a new roof and insulation (installed in 2018 with a transferable warranty) and HVAC systems all under 10 years old. Interiors allow for flexible configurations to suit a variety of business needs.
Prime location with prominent First Avenue exposure and signage, quick access to Freeway 41 on/off ramps, and close proximity to shopping, dining, and banking amenities.
This professionally managed property features a private parking lot with 27 total spaces (including 1 ADA-compliant), 15 of which are directly in front of the building for convenient customer access. Located on a corner parcel, the building benefits from excellent visibility and is secured with iron gates and LED-lit parking areas.
Key upgrades include a new roof and insulation (installed in 2018 with a transferable warranty) and HVAC systems all under 10 years old. Interiors allow for flexible configurations to suit a variety of business needs.
Prime location with prominent First Avenue exposure and signage, quick access to Freeway 41 on/off ramps, and close proximity to shopping, dining, and banking amenities.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$128,437
|
$15.89
|
| Other Income |
$63,654
|
$7.87
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$192,091
|
$23.76
|
| Taxes |
$9,961
|
$1.23
|
| Operating Expenses |
$15,898
|
$1.97
|
| Total Expenses |
$25,859
|
$3.20
|
| Net Operating Income |
$166,232
|
$20.56
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $128,437 |
| Annual Per SF | $15.89 |
| Other Income (CAD) | |
|---|---|
| Annual | $63,654 |
| Annual Per SF | $7.87 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $192,091 |
| Annual Per SF | $23.76 |
| Taxes (CAD) | |
|---|---|
| Annual | $9,961 |
| Annual Per SF | $1.23 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $15,898 |
| Annual Per SF | $1.97 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $25,859 |
| Annual Per SF | $3.20 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $166,232 |
| Annual Per SF | $20.56 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
8,085 SF
Building Class
C
Year Built
1971
Price
$1,813,300 CAD
Price Per SF
$224.28 CAD
Cap Rate
5.79%
NOI
$105,053 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
8,085 SF
Building FAR
0.28
Lot Size
0.66 AC
Opportunity Zone
Yes
Zoning
CO-Office
Parking
40 Spaces (3.45 Spaces per 1,000 SF Leased)
AMENITIES
- Fenced Lot
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- 4kidsUrgentCare
- Health Care and Social Assistance
- 1,817 SF
- $21.66 CAD
- Modified Gross
- Nov 2025
- iDental
- Health Care and Social Assistance
- 1,432 SF
- $23.40 CAD
- Modified Gross
- Dec 2029
- State of CA Air Resources Board
- Public Administration
- -
- $24.65 CAD
- Modified Gross
- Nov 2027
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| 4kidsUrgentCare | Health Care and Social Assistance | 1,817 SF | $21.66 CAD | Modified Gross | Nov 2025 | |
| iDental | Health Care and Social Assistance | 1,432 SF | $23.40 CAD | Modified Gross | Dec 2029 | |
| State of CA Air Resources Board | Public Administration | - | $24.65 CAD | Modified Gross | Nov 2027 |
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PROPERTY TAXES
| Parcel Number | 437-073-25 | Total Assessment | $1,633,965 CAD |
| Land Assessment | $269,757 CAD | Annual Taxes | $9,961 CAD ($1.23 CAD/SF) |
| Improvements Assessment | $1,364,209 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
437-073-25
Land Assessment
$269,757 CAD
Improvements Assessment
$1,364,209 CAD
Total Assessment
$1,633,965 CAD
Annual Taxes
$9,961 CAD ($1.23 CAD/SF)
Tax Year
2025
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6-unit office building w/ existing cash flow | 3727 N 1st St
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