Mansoor Abdulla Purchases Retail Space From Hari Surapaneni For $3.8 Million In Fresno

The property involved in the transaction is a 16,708 square foot retail asset located at 1210 North Blackstone Avenue in the Fresno market. The property was sold for $3,800,000, which equates to a price per square foot of $227. It was previously occupied by Rite Aid and is positioned at a signalized intersection, making it notable for its location.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $3,800,000
• Address: 1210 North Blackstone Avenue
• Market: Fresno
• Square Footage: 16,708
• Price per Square Foot: $227
• Buyer: Mansoor Abdulla
• Seller: Hari Surapaneni
• Broker Representatives: Orbell Ovaness, Ara Rostamian & Aren Ohanian - Marcus & Millichap

The Ovaness-Rostamian Group facilitated the sale, showcasing their ability to generate multiple offers and secure a local grocery store operator as a buyer despite challenges such as a difficult building format and market conditions. The transaction highlights their effectiveness in targeting qualified owner-users and delivering strong client results.