Pacific Castle Acquires Cedar Tree Village Shopping Center In Fresno For $20.8 Million

Pacific Castle acquired the 118,417-square-foot Cedar Tree Village Shopping Center located at 6670 North Cedar Avenue in Fresno, CA for $20.8 million. The retail center boasts a leasing rate of 96.3% and is anchored by R-N Market, featuring tenants like McDonald’s and Dollar Tree.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $20,800,000
• Address: 6670 North Cedar Avenue
• Market: Fresno, CA
• Square Footage: 118,417
• Price per Square Foot: $176
• Buyer: Pacific Castle
• Seller: Cedar Tree Village LLC
• Brokers: Brett Visintainer & John Kourafas - Visintainer Group

The deal involves key representatives, with Brett Visintainer and John Kourafas from Visintainer Group representing both parties. This transaction marks a significant shift in ownership as the property was held by the original developer’s family for over 40 years.