Investment Highlights
The Fulton District Portfolio in Downtown Fresno, California Presents a Unique Investment Opportunity for Buyers or Owner-Users.
The Buildings Consist of Adjacent Retail Spaces, Potential Creative Office Spaces, and Restaurant Spaces Totaling Approximately 55,258 SF
The Portfolio Includes Three Distinct Buildings with Significant Upside Potential, Priced Below Replacement Cost.
Portfolio Benefit from the Metro Population of Fresno, as of 2022, Stands at 1,008,654, with a 5-Mile Radius Encompassing Over 305,000 People
Executive Summary
CURRENTLY UNDER CONTRACT, ENTERTAINING BACKUP OFFERS. The Ovaness Rostamian Group of Marcus & Millichap is pleased to present the Fulton District Portfolio, situated in the bustling Downtown Fresno California, presents a unique investment opportunity for potential buyers or owner-users looking to acquire a portfolio of three distinct buildings with significant upside potential. The offering is priced considerably below the replacement cost and encompasses a collection of adjacent retail spaces, potential creative office spaces, and restaurant spaces that amount to an impressive 55,258 SF of building area.1130 Fulton St. features a single-story retail space with a basement, spanning approximately 8,340 SF Presently, the building is 72% occupied by a single month-to-month tenant, B-Maxx.1118 Fulton St. offers a rare opportunity to purchase a three-story mixed-use building and basement, inspired by the iconic Art Deco style and occupying an area of roughly 36,900 SF This building, originally designed and occupied by the renowned Samuel H. Kress, is one of only 200 unique ?KRESS? buildings across the United States. The property currently boasts a long-term tenant, occupying the ground floor and basement on a month-to-month lease.2015 Mariposa St. is situated prominently on the corner of Fulton Street and Mariposa Street, immediately adjacent to the Kress Building. This single-story retail building comprises roughly 10,108 SF of restaurant retail space, with four restaurants presently occupying 65% of the area.The Fulton Shopping District of Downtown Fresno offers ample street parking and is within walking distance of three large public parking structures with over 1,000 parking spaces. The location is also conveniently close to the Brewery District, Fresno Convention & Entertainment Center, Saroyan Theatre, Robert A. Schoettler Conference Center, and other popular attractions and retailers, making it an ideal and sought-after location for businesses.With a 5-mile radius encompassing over 305,000 people and an average household income of $54,040, the Fulton District Portfolio is strategically located to benefit from the metro population of Fresno, which as of 2022, stands at 1,008,654.
