Malan and Marcello
Banc of California - Fig Garden Village

Banc of California - Fig Garden Village

5126 N Palm Avenue

Fresno, CA 93612

$3,624,000
Asking Price
$190,254
NOI
5.25%
Cap Rate
4,333 SF
Gross Leasable Area
2011
Year Built

Description

The Banc of California property in Fig Garden Village is a freestanding, approximately 4,333-square-foot bank building on about 0.43 acres, with drive-through ATM service. Colliers is marketing the single-tenant net-lease investment. The offering reports a ten-year lease with seven years remaining and 3% annual rent increases, including extension options. Confirm the current remaining term and lease obligations with the broker.

The site sits near Palm and Shaw Avenues in Fresno, where combined reported traffic is approximately 69,446 vehicles daily. Fig Garden Village is a roughly 290,000-square-foot open-air center anchored by Whole Foods, with retailers including Williams Sonoma, Pottery Barn, Anthropologie and lululemon. The center reports approximately 3.6 million annual visits. The bank was formed through Banc of California's 2023 acquisition of Pacific Western Bank.

Offering Summary

Property TypeRetail
Asking Price$3,624,000
Available0 SF
Occupancy100%
Built2011
Total Acres~0.43 ac

Sale Details

Cap Rate5.25%
NOI$190,254
In-Place Cap Rate5.25%
In-Place NOI$190,254

Documents

Property Address

Property Details

Property TypeRetail
Gross Leasable Area (SF)4,333 SF
Available GLA (SF)4,333 SF
Occupancy100%
Lease TypeNNN
Year Built2011
Acres0.43 acres
ZoningC-3 – Regional Commercial
APN417-220-25
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Deal Team

Adam Malan

Adam Malan

Vice Chair
NV RE Lic. 0063542
Deana Marcello

Deana Marcello

Executive Vice President
NV RE Lic. 174174