Faris Lee Investments Brokers Acquire 4.3-Acre Retail Property In Fresno For $7M
SOLD
$7,000,000
California
See Similar DealsRetail14,820 SF
Sold 05/27/2022
SOLD
Faris Lee Investments Brokers Acquire 4.3-Acre Retail Property In Fresno For $7M
4172 North First Avenue, Fresno, California 93726, United States
See Similar DealsRetail14,820 SF
Sold 05/27/2022
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$472
Total Square Footage:14,820 SF
Transaction Type:Sale
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.
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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$373,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,869.54
Cash-on-Cash Return-1.27%
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Annual Debt Service$398,202.85
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