$3,700,000
Fresno, CA 93704
MLS# 234125
Status: Closed
9448 sqft
1 / 9
Property Description
Location This commercial office building is located off North Palm Avenue between W Shaw Avenue and W Barstow Avenue at 5240 North Palm Avenue, Fresno, CA. Size This office building is +/-9,448 square feet on a +/-1.3-acre lot. Building Use Office building is currently rented to two (2) tenants: California Bank and Trust and Sang Medical Group Legal Fresno County APN: 417-140-15 Remarks This fully leased investment property features long-term leases with two quality tenants. California Bank and Trust leases 5,273 SF through December 31, 2029, and Sang Medical Group leases 3,858 SF through January 31, 2034. The current total lease income is $20,724 per month, NNN. The property is ideally located in the highly desirable Fig Garden area, in close proximity to several other businesses.
Details
Maps
Property Information
Property Sub-Type: Commercial
New Construction: No
Year Built Source: Public Records
Number of Units: 2
Number of Buildings: 1
Total Baths: 0
APN: 417140015000
SqFt Source: Public Records
Lot Acres: 1.3
Lot SqFt: 56628
Lot Size Source: Public Records
Lot Dimensions: Irregular
Additional Parcels Y/N: No
Year Built: 1989
Street #: 5240
Direction: N
Street Name: Palm
Suffix: Avenue
Approx Square Feet: 9448
State/Province: CA
Zip Code: 93704
County: Fresno
Area: Out of Area
Listing Information
List Price/SqFt: 476.29
Original List Price: 4500000
Current Price: $3,700,000
Status: Closed
Listing Date: 2025-03-18
Listing Price: 4500000
Showing Information
Directions to Property: From Shaw Avenue go north on N. Palm Avenue approx. 1/4 mile just past W. San Jose Avenue turn east onto parking lot. Building to the north.
Remarks
Marketing Remarks: Location
This commercial office building is located off North Palm Avenue between W Shaw Avenue and W Barstow Avenue at 5240 North Palm Avenue, Fresno, CA.
Size
This office building is +/-9,448 square feet on a +/-1.3-acre lot.
Building Use
Office building is currently rented to two (2) tenants: California Bank and Trust and Sang Medical Group
Legal
Fresno County APN: 417-140-15
Remarks
This fully leased investment property features long-term leases with two quality tenants. California Bank and Trust leases 5,273 SF through December 31, 2029, and Sang Medical Group leases 3,858 SF through January 31, 2034. The current total lease income is $20,724 per month, NNN. The property is ideally located in the highly desirable Fig Garden area, in close proximity to several other businesses.
General Information
Solar YN: No
Status Change Info
Close Price/SqFt: 391.62
Pending Date: 2025-08-14
Status Change Date: 2026-01-30
Close Date: 2026-01-30
Close Price: 3700000
Utilities
Electricity Connected: 1
Water Connected: 1
Water
Public: 1
Sewer
Public Sewer: 1
Cooling
Central Air: 1
Heating
Central: 1
Roofing
Flat: 1
Property Features
Utilities: Electricity Connected; Water Connected
Water: Public
Sewer: Public Sewer
Cooling: Central Air
Heating: Central
Roofing: Flat
IDX
Listing Office: Schuil Ag Real Estate
Listing Agent: Philip J Heynen | philheynen@yahoo.com
Agent Email: philheynen@yahoo.com
Last Updated: January - 30 - 2026
Information deemed reliable but not guaranteed.