1221 Van Ness Ave

Category: Office Space for Sale

Address

1221 Van Ness Ave View on Google Maps
Fresno, CA 93721

Listing Facts

Square Footage: 45,756
List Price: $3,900,000
Agent Name: Tony Cortopassi
Agent Firm: Cushman & Wakefield
Agent Telephone: 559-433-3549
Agent Email: tony.cortopassi@paccra.com

Details

This building was built for the anchor tenant in 1967 and the Bank of the West recently renewed a 5 year lease term. Several other long time tenants in the building. The rent just from the Bank of the West covers all expenses and the sale on just the bank's income would be a 5.17% cap rate. Parking on site and the building is adjacent to a public parking garage. Bank of the West has 559 branches with $90 billion in deposits. This is the largest branch in Fresno with $525 million in deposits and it is the 7th largest branch in the fleet.

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