Visintainer Group has successfully brokered the sale of Cedar Tree Village Shopping Center, a 118,417-square-foot grocery-anchored retail center in Fresno, California, for $20,850,000, making it one of the largest retail investment transactions in the Central Valley during 2026.
Located at the southeast corner of Herndon Avenue and Cedar Avenue, the shopping center sold at its full asking price after a competitive marketing process that generated seven qualified offers from investors throughout California. The property was sold by Cedar Tree Village, LLC to Irvine-based Pacific Castle PM, Inc., with the transaction closing on July 16, 2026.
The seller was represented exclusively by Brett Visintainer, CCIM, Principal, and John Kourafas, CCIM, Commercial Investment Advisor, of Visintainer Group.
Investor interest was driven by Cedar Tree Village’s exceptional operating history, high-quality tenancy, and irreplaceable infill location within one of Fresno’s strongest retail corridors.
More than 58% of the occupied square footage has been leased by tenants for over ten years, demonstrating long-term tenant stability. Prior to the sale, ownership further enhanced the property’s investment profile by securing long-term lease extensions with McDonald’s, R-N Market, and Dollar Tree, while also completing a full parking lot resurfacing and restriping in 2025.
The offering represented one of the few opportunities in recent years to acquire a grocery-anchored shopping center of this size under single ownership in the Fresno market. Combined with necessity-based retailers, a loyal neighborhood customer base, and strong occupancy, the center attracted significant interest from institutional and private investors seeking stable, long-term retail assets.
According to CoStar, the transaction ranks as the second-largest retail investment sale in the Central Valley during 2026, trailing only the Riverview Shopping Center sale in Fresno. Among stabilized shopping center transactions exceeding $10 million, Cedar Tree Village also achieved the lowest cap rate recorded in the Central Valley this year, highlighting continued investor confidence in well-located retail properties and the strength of the Fresno investment market.
The sale was also featured by The Business Journal, which highlights additional details about the transaction, buyer, and market significance.
Read the coverage here: The Business Journal: Cedar Tree Village shopping center sells for $20.85M in Fresno
Learn more about our: