Wood Investment Cos. Inc. Acquires Retail Property In Fresno For $11.8M
4965 East Kings Canyon Road, Fresno, CA, USA
$11,800,000
$77/SF
Building Size
152,354 SF
Asset Type
Retail
Closing
May 24, 2020
AI
Wood Investment Cos. Inc., represented by Patrick Wood and James T. Wood, has acquired a retail property in Fresno. The property, located at 4965 East Kings Canyon Road, was sold by Decron Properties Corp., represented by David J. Nagel.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $11,800,000
- Square Footage: 152,354
- Price Per Square Foot: $77
- Market: Fresno
Wood Investment Cos. Inc. and its representatives, Patrick Wood and James T. Wood, successfully closed the deal to acquire the retail property in Fresno from Decron Properties Corp., represented by David J. Nagel.
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
1.34%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93