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.
On the Map
$5,000,000
$127/SF
Retail
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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