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1029 E Shaw Ave Fresno, CA ...

Hanley Investment Group Sells Ash Tree Square Fresno Shopping Center For $15.8M
SOLDRetail

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

Kevin Fryman

Hanley Investment Group

Broker

$544.3M

vol

38 deals

Broker

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