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Hanley Investment Group Sells Ash Tree Square Fresno Shopping Center For $15.8M
SOLD
$15,787,200
California
See Similar DealsRetail80,877 SF
Sold 06/26/2023
SOLD
Hanley Investment Group Sells Ash Tree Square Fresno Shopping Center For $15.8M
1029 E Shaw Ave Fresno, CA 93710, USA
See Similar DealsRetail80,877 SF
Sold 06/26/2023
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$195
Total Square Footage:80,877 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$841,984.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$56,088.58
Cash-on-Cash Return-1.27%
Monthly Debt Service$74,839.38
Annual Debt Service$898,072.59
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