Private Investor Acquires Retail Center On Shaw Ave In Fresno For $11.1M

The Shaw West Center, a retail shopping center located at 2047-2097 W Shaw Ave in Fresno, Calif., has been sold for $11.1 million. The property is situated in the Fresno market and was acquired by a private investor. The buyer was represented by Nabil Awada from Matthews Real Estate Investment Services.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $11,100,000.00
• Address: 2047 W Shaw Ave, Fresno, CA, 93711
• Market: Fresno

Nabil Awada, a Senior Associate at Matthews Real Estate Investment Services, played a crucial role in facilitating the sale of the Shaw West Center. The private investor who purchased the property had a strategic motive for the acquisition, aiming to conduct a 1031 Exchange from a multifamily property in Los Angeles to a stabilized retail center in Fresno. This transition resulted in a significant increase in net operating income for the investor, showcasing the potential benefits of diversifying investments across different property types and markets.