Matthews Real Estate Investment Services Sells Retail Property In Fresno For $11.1M
SOLD
$11,100,000
California
See Similar DealsRetail
Sold 03/22/2022
SOLD
Matthews Real Estate Investment Services Sells Retail Property In Fresno For $11.1M
2047 West Shaw Avenue, Fresno, California 93711, United States
See Similar DealsRetail
Sold 03/22/2022
Summary
CALIFORNIA
Asset Type:Retail
Transaction Type:Sale
A retail property located at 2047-2097 W. Shaw Ave. in Fresno has been sold for a total price of $11,100,000. The transaction took place on 03/22/2022 and was handled by broker Nabil Awada from Matthews Real Estate Investment Services. The property is situated in the Fresno market.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $11,100,000
- Address: 2047-2097 W. Shaw Ave.
- Market: Fresno
Nabil Awada, a representative from Matthews Real Estate Investment Services, facilitated the sale of the retail property located on 2047-2097 W. Shaw Ave. in Fresno. The deal was successfully completed on 03/22/2022.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$592,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$39,435.95
Cash-on-Cash Return-1.27%
Monthly Debt Service$52,619.66
Annual Debt Service$631,435.96
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