Updated Dec 20, 2023
Kidder Mathews Represents Buyer In $6.4M Retail Sale In Kerman
14868 West Whitesbridge Avenue, Kerman, California 93630, United States
$6,400,000
$400/SF
Building Size
16,000 SF
Asset Type
Retail
Closing
Jun 15, 2022
About this deal
AI
Located at 14868 W. Whitesbridge Ave. in Kerman, this retail property was recently sold for $6,400,000. Spanning 16,000 square feet, the property offers ample space for various retail activities. With a price per square foot of $400, this transaction showcases a valuable investment opportunity in the Kerman market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,400,000
- Address: 14868 W. Whitesbridge Ave., Kerman
- Market: Kerman
- Square Footage: 16,000
- Price per Square Foot: $400
Representing the buyer in this transaction was Nigel Keep from Kidder Mathews, while the seller was represented by Bill Asher and Jeff Lefko from Hanley Investment Group Real Estate Advisors. Their expertise and negotiation skills contributed to the successful completion of this deal.
Players
Fresno 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
2.48%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93