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Banc of California 5126 N Palm Ave 4,333 SF Retail Building Fresno, CA 93704 $5,071,377 CAD ($1,170.41 CAD/SF) 5.10% Cap Rate
INVESTMENT HIGHLIGHTS
- Banc of California is a publicly traded company (NYSE: BANC)
- Positioned at the signalized intersection of Palm Rd. and Shaw Ave. (±69,446 VPD)
- Fig Garden Village is home to the top performing Whole Foods Market within 50-miles
- 10-Year Lease with One 5-Year Option
- 1-Mile West of the Yosemite Freeway (±146,000 VPD)
- High Growth Trade Area | Strong Surrounding Development
EXECUTIVE SUMMARY
Colliers is pleased to exclusively offer for sale a single tenant net-leased Banc of California located within Fig Garden Village – a premier Whole Foods Anchored ±290,000 SF open-air retail and entertainment destination located in a high growth trade area in the Fresno, CA MSA. The property consists of a ±4,333 SF freestanding building with drive-thru ATM services positioned on a ±0.43 AC parcel.
Banc of California acquired Pacific Western Bank in 2023 and became the third largest bank headquartered in California after the all-stock merger. The asset benefits from a 10-Year lease with 8 Years of remaining term, and 3% annual increases, including options. The site is strategically positioned on N Palm Ave. and Shaw Ave., with combined traffic counts of ±69,446 VPD. The site is located 1-mile east of the Yosemite Freeway with an additional ±146,000 vehicles per day.
Fig Garden Village is a premier open-air shopping center that offers ample parking and attracts 3.6 million annual visits, with notable anchors and co-tenants, including a top performing Whole Foods Market, Williams Sonoma, Pottery Barn, Anthropologie, ARIAT, Columbia, lululemon, Banana Republic, and many more! With its highly desirable location, elevated tenant lineup, and enduring community appeal, Fig Garden Village continues to serve as both a vibrant retail hub and a regional destination for discerning shoppers.
Banc of California acquired Pacific Western Bank in 2023 and became the third largest bank headquartered in California after the all-stock merger. The asset benefits from a 10-Year lease with 8 Years of remaining term, and 3% annual increases, including options. The site is strategically positioned on N Palm Ave. and Shaw Ave., with combined traffic counts of ±69,446 VPD. The site is located 1-mile east of the Yosemite Freeway with an additional ±146,000 vehicles per day.
Fig Garden Village is a premier open-air shopping center that offers ample parking and attracts 3.6 million annual visits, with notable anchors and co-tenants, including a top performing Whole Foods Market, Williams Sonoma, Pottery Barn, Anthropologie, ARIAT, Columbia, lululemon, Banana Republic, and many more! With its highly desirable location, elevated tenant lineup, and enduring community appeal, Fig Garden Village continues to serve as both a vibrant retail hub and a regional destination for discerning shoppers.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,333 SF
Building Class
B
Year Built
2011
Price
$5,071,377 CAD
Price Per SF
$1,170.41 CAD
Cap Rate
5.10%
NOI
$258,650 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
0.43 AC
Zoning
C3 - Regional Commercial
AMENITIES
- Banking
- Drive Thru
- Air Conditioning
- Smoke Detector
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Banc of California
- Finance and Insurance
-
99,999 SF
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Banc of California | Finance and Insurance | 99,999 SF | - | - |
Walk Score®
Very Walkable (70)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 417-220-25 | Improvements Assessment | $2,434,616 CAD |
| Land Assessment | $1,257,884 CAD | Total Assessment | $3,692,500 CAD |
PROPERTY TAXES
Parcel Number
417-220-25
Land Assessment
$1,257,884 CAD
Improvements Assessment
$2,434,616 CAD
Total Assessment
$3,692,500 CAD
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Banc of California | 5126 N Palm Ave
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