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

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SOLD
$6,700,000

California

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Retail51,000 SF
Sold 07/22/2025
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SOLD

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

2745 West Shaw Avenue

See Similar Deals
Retail51,000 SF
Sold 07/22/2025
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Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$131
Total Square Footage:51,000 SF
Transaction Type:Sale

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.

Players

Greg Bedell
33 deals$176.4M volume
BROKER

Progressive Real Estate Partners
BROKERAGE

Details

SOLD
IMAGE: Greg Bedell DATE: 07/22/2025 ADDRESS: 2745-2787 West Shaw Avenue MARKET: Fresno ASSET TYPE: Retail BROKER: Greg Bedell (@The_Great_Gregsby) - Progressive Real Estate Partners (@ProgressiveRealEstatePartners) SALE PRICE: $6,700,000 SF: 51,000 ~ PPSF: $131 NOTE: Peppertree Plaza, a 51,000 SF shopping center in Fresno, sold for $6.7M in an all-cash deal from a Bay Area investor to a Los Angeles-based buyer.Progressive Real Estate Partners’ Greg Bedell brokered the sale; the center was 87% leased at closing with tenants including Outback Steakhouse and State Bank of India.

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