$1,088,000
$1,050,000
3.6%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 11/01/2016
Key Details
Sold Price $1,088,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID AR16185856
Sold Date 11/01/16
HOA Y/N No
Year Built 1959
Property Description
Bank of America, a corporate guaranteed, absolute net leased, investment property located in East Fresno, California with total rentable square feet of 10,273 Square Feet. The Bank of America is located at the signalized, hard corner intersection of Tulare Avenue and Barton Ave with excellent visibility. Additionally, the site is less than 2.5 miles away from Downtown Fresno, CA.| Bank of America has been at this location for 57 years (since 1959) | 2-Story Building with 1st Floor Utilized as a Bank Branch and 2nd Floor Used for Administrative Offices | Absolute Triple-Net NNN Lease| Tenant pays 100% Expenses and Property Tax | 10% Rent Increase in Oct 2019 & 5% increase every 5 years thereafter |5-year option until year 2104
Location
State CA
County Fresno
Area Fsno - Fresno
Interior
Fireplace No
Building
Water Public
Others
Senior Community No
Tax ID 46030422
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with General NONMEMBER • CRMLS