Hanley Investment Group Sells Ash Tree Square Fresno Shopping Center For $15.8M
1029 E Shaw Ave Fresno, CA 93710, USA
$15,787,200
$195/SF
Building Size
80,877 SF
Asset Type
Retail
Closing
Jun 26, 2023
AI
Ash Tree Square, a retail property located at 1029-1077 East Shaw Avenue in Fresno, was recently sold by Hanley Investment Group Real Estate Advisors. The property spans 7.47 acres and features a total of 80,877 square feet of leasable space. The sale price for Ash Tree Square was $15,787,200, resulting in a price per square foot of $195.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $15,787,200
- Address: 1029-1077 East Shaw Avenue
- Market: Fresno
- Total Acres: 7.47
The transaction was facilitated by Alexander Moore, Sean Cox, and Kevin Fryman of Hanley Investment Group Real Estate Advisors. Their expertise and representation played a crucial role in the successful sale of Ash Tree Square. The shopping center's prime location and strong tenant lineup, including popular retailers like Ross Dress for Less and Starbucks Drive-Thru, attracted significant investor interest and contributed to the successful transaction.
Please note that no additional information is available regarding the property transaction.
Players
Los Angeles Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.00%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93