Wood Investment Cos. Inc. Acquires Retail Property In Fresno For $11.8M
SOLD
$11,800,000
California
See Similar DealsRetail152,354 SF
Sold 05/24/2020
SOLD
Wood Investment Cos. Inc. Acquires Retail Property In Fresno For $11.8M
4965 East Kings Canyon Road, Fresno, CA, USA
See Similar DealsRetail152,354 SF
Sold 05/24/2020
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$77
Total Square Footage:152,354 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$629,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$41,922.92
Cash-on-Cash Return-1.27%
Monthly Debt Service$55,938.02
Annual Debt Service$671,256.24
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