Updated Aug 28, 2026
Wayne Cheng Of Pacific Castle Acquires Cedar Tree Village Shopping Center In Fresno For $20.8M
6670 North Cedar Avenue
$20,800,000
$176/SF
Building Size
118,000 SF
Asset Type
Retail
Closing
Aug 11, 2026
About this deal
AI
The retail asset involved in this transaction is the Cedar Tree Village Shopping Center, located at 6670 North Cedar Avenue in Fresno, CA. The property spans 118,000 square feet and was sold for $20.8 million, translating to approximately $176 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $20,800,000
- Square Footage: 118,000
- Price per Square Foot: $176
- Buyer: Wayne Cheng
- Buyer’s Company: Pacific Castle
Wayne Cheng, representing Pacific Castle, was instrumental in acquiring the Cedar Tree Village Shopping Center, reflecting the company's strategy in the retail market within Fresno.
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
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93