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Renovated Office Portfolio
For Sale
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Pending

747 R St, Fresno, CA 93721

Three-property offering with absolute NNN leases and a 15-year initial term.

Property Size133,983 SF
Days on Market143

Property Features for 747 R St

General Information

Standard status Pending
Size 133,983 SF
Property subtype Office

Building Details

Buildings 3
Tenancy Single
Listing Agency: STREAM Capital Partners
Listed By: Dean Copans · License #NE 20240647
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 10:45PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of STREAM Capital Partners

Investment Insights

Based on property information with market context.

This office portfolio comprises three properties totaling 133,983 square feet across Fresno and Bakersfield, including Bitwise Industries’ headquarters. The buildings have undergone recent renovation or conversion, creating a unified regional offering with substantial existing improvements.

The portfolio is fully leased to Bitwise Industries under an absolute triple-net structure. Lease terms include a 15-year initial term and 2.5% annual escalations. Bitwise trains and employs technology talent in underserved communities and serves as the U.S. Government’s preferred future workforce training partner. One portfolio location is 747 R St, Fresno, CA 93721.

Key Highlights

  • Three‑property office portfolio spanning Fresno and Bakersfield
  • 133,983 square feet of recently renovated or converted space
  • 100% leased to Bitwise Industries

Property Analytics

Current Use

Capital Projects Department Government Office AHA AHI Poke Restaurant Las Mañanitas Restaurant Railway Pizza Cocktail Restaurant Labores Comichut Restaurant

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Nursing Home Plumbing Service Acupuncture Fish Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

3,668
Businesses Nearby

Demographics for 93721, CA

7,899
Population
2,621
Households
3
Avg Household Size
35
Median Age
12%
College-Educated
69%
High-School Grad
2.0 sq mi
ZIP Area
3,950
Density / Sq Mi
$32,602
Median Household Income
$26,746
Median Earnings
$915
Median Rent
$219,000
Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Three-property offering with absolute NNN leases and a 15-year initial term.
Where is this office building located?
The property is located at 747 R St Fresno, CA.
What are key features of this property?
This property features: Three‑property office portfolio spanning Fresno and Bakersfield; 133,983 square feet of recently renovated or converted space; 100% leased to Bitwise Industries
(650) 465-3993 Call to check price and availability
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