![\"office](\"https:\/\/www.newsbeep.com\/us-ca\/wp-content\/uploads\/2026\/04\/pge-building.jpg\")
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The PG&E office building at 650 O Street, part of a $25 million county acquisition approved Tuesday. Photo by Dylan Gonzales<\/p>\n
Fresno County has approved a $25 million purchase of two office buildings at 650 O Street and 705 P Street, the Fresno County Board of Supervisors announced Tuesday.<\/p>\n
The offices are currently being used by Pacific Gas and Electric Co (PG&E).<\/p>\n
The acquisition includes around 102,580 square feet of space and a parking lot of roughly 189,185 square feet, and is expected to help meet the county\u2019s growing office space needs and relocate the Fresno County Sheriff\u2019s office administration.\u00a0<\/p>\n
Veronica Stumpf, a real estate broker, said the $25 million price, or about $244 per square foot, is above average for large office buildings in Fresno, though not unreasonable given limited comparable sales in the city.\u00a0<\/p>\n
\u201cLarge office sales of this size are pretty limited in Fresno, so there are not a lot of strong comps,\u201d Stumpf said.<\/p>\n
She also noted the buildings being built in 1989, high parking ratio and ability to consolidate multiple departments make them a strong fit for the sheriff\u2019s office.\u00a0<\/p>\n
\u201cThe property has a few things working in its favor, including relatively new construction,\u201d said Stumpf.\u00a0<\/p>\n
The properties are being sold by 7355 N. Palm Avenue, LLC, which holds a 77% interest, and Assemi Investments, LLC, which holds the remaining 23%.\u00a0<\/p>\n
A message left for Granville CEO Darius Assemi on Thursday morning was not returned.<\/p>\n
The county\u2019s purchase agreement sets an expected escrow close date of July 7.\u00a0<\/p>\n
County documents show that the purchase agreement is different from standard county language in one area, granting mutual indemnity for broker claims.\u00a0<\/p>\n
Fresno County\u2019s Risk Management department advised against the mutual indemnity clause, but the County Administrative Office determined that it posed an acceptable business risk.\u00a0<\/p>\n
Funding for the acquisition will come from existing appropriations. The Board adopted budget resolutions increasing Fiscal Year 2025-26 appropriations for the Hall of Records Improvements and County Buildings by $25.05 million. There is no additional net county cost associated with the purchase.<\/p>\n
The acquisition is exempt from California Environmental Quality Act (CEQA) review, as it does not constitute a \u201cproject\u201d under CEQA guidelines.\u00a0<\/p>\n
This move also aligns with long-term planning in downtown Fresno, where the state Judicial Council is preparing to replace the nearly 60-year-old Fresno County Courthouse.\u00a0<\/p>\n
Construction on the new 11-story courthouse, which will include 36 courtrooms, is estimated to begin in 2028. The project may impact sheriff operations in the future once the existing sheriff headquarters and other courthouse-related facilities are replaced.\u00a0<\/p>\n
The current sheriff headquarters are at 2200 Fresno Street in Downtown Fresno.\u00a0<\/p>\n
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