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4172 North First Avenue, Fr...

Faris Lee Investments Brokers Acquire 4.3-Acre Retail Property In Fresno For $7M
SOLDRetail

Faris Lee Investments Brokers Acquire 4.3-Acre Retail Property In Fresno For $7M

4172 North First Avenue, Fresno, California 93726, United States

$7,000,000

$472/SF

Building Size

14,820 SF

Asset Type

Retail

Closing

May 26, 2022

AI

A retail property located at 4172 N. First St. in Fresno has been sold in a closed transaction. The property spans across 4.3 acres and was sold for a total price of $7,000,000. The transaction took place on 05/27/2022.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $7,000,000
  • Address: 4172 N. First St., Fresno
  • Market: Fresno
  • Acres: 4.3

The sale was facilitated by Faris Lee Investments, with Sean Cox, Alex Moore, and Shaun Riley representing the buyer and seller. Further details about the individuals and companies involved in the transaction are not available.

Players

Sean Cox

Hanley Investment Group

Broker

$266M

vol

24 deals

Broker

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

2.27%

Cash-on-Cash

-0.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93