Fresno E Street

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Year Built1975
Land Square Feet171,626
Building Sq Feet 70,755
Building TypeOffice / Industrial
RoofBuilt up Wood Panelized w/ Foam-Poly
FoundationConcrete Slab
Parking Ratio2.64 per 1,000 sf
HVACGas / Electric Roof Mounted
Fire SafetyAlarmed & Sprinklered
ZoningM-1; Light Industrial
Parcel #465-121-20
2009 Assessed Value9,771,113
2008 Assessed Value9,579,523
(86.18% Owned by DBSI State Offices)

The DBSI State Offices LLC, Fund was formed by its original Sponsor DBSI, Inc. in 2003. In November of 2008 DBSI, Inc. and its affiliates, filed for bankruptcy protection. Subsequently, the Fund has been governed by a Board of Managers created from its members. Sovereign Capital Management Group, Inc. was named as the Advisor to the Fund and oversees all day to day operations of the Fund’s holdings which include a portfolio of commercial real estate properties located in California, Texas and Louisiana.

The Fresno E Street property comprises three office buildings located in Fresno, California. The property is home to tenants such as the Department of Justice, California Water Resources Control Board, and the Fresno Career Development Institute (a non‐profit organization). Current occupancy is 96% with just one vacant suite totaling 2,815 square feet. Overall, the property is a strong asset with maximum usage of occupied space, extensive build‐outs, and strong barriers against relocation.

BuildingSquare Feet
1645 E Street8,800
1665 E Street26,555
1735 E Street35,400

Property Description

Fresno E Street is comprised of three (3) concrete tilt up, Class C, flex industrial office buildings totaling 70,755 square feet, located in Fresno, California. All three buildings were constructed in 1975 and sit on a footprint of approximately 3.94 acres with easy access and good street‐front visibility. The property is surrounded by numerous city agency departments such as Fresno’s Department of Education, California Highway Patrol, and Fresno Police Department. A Comparative analysis of the area shows that the Property’s location is technically one of the “lower rent” industrial parts of Fresno.