Updated Dec 4, 2024
Graystone Capital Advisors Orchestrates $5M Sale Of California Plaza In Fresno
6640 North Blackstone Avenue
$5,000,000
$127/SF
Building Size
39,170 SF
Asset Type
Retail
Closing
Nov 14, 2023
About this deal
AI
The $5 million sale of California Plaza, a Fresno retail center, was orchestrated by Graystone Capital Advisors, a local California investment firm. The property, situated at 6640 North Blackstone Avenue, spans a total of 39,170 square feet. Built in 1987, the retail center was 62 percent vacant at the time of the sale. The property sits on a 194,182 square foot parcel along Blackstone Avenue.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,000,000
- Address: 6640 North Blackstone Avenue
- Market: Fresno
- SF: 39,170
- PPSF: $128
The sale was handled by Brent Zoller and Brenton Baskin of Graystone Capital Advisors, representing the local California investors involved in the transaction.
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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93