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
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