Los Angeles Buyer Acquires Peppertree Plaza Retail Center In Fresno For $6.7M With Greg Bedell

Peppertree Plaza, a retail asset consisting of 51,000 square feet, is located at 2745-2787 West Shaw Avenue in Fresno. The property was sold for $6,700,000 in an all-cash transaction. At the time of closing, the shopping center was 87% leased, featuring tenants such as Outback Steakhouse and State Bank of India.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $6,700,000
• Square Footage: 51,000 SF
• Price Per Square Foot: $131
• Address: 2745-2787 West Shaw Avenue
• Market: Fresno
• Broker: Greg Bedell - Progressive Real Estate Partners

The transaction involved a Bay Area investor as the seller and a Los Angeles-based buyer. The deal was facilitated by Greg Bedell of Progressive Real Estate Partners, acting as the broker for the sale, which highlights the collaboration between different regional investors.