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A RadNet Imaging Center in Fresno has traded hands for $418 per square foot, making it the highest price per square foot sale in Central California over the past 22 months. The sales price equates to a 6.3% cap rate.

Located at 6191 N Thesta St. in Fresno, the property is a freestanding imaging facility leased by RadNet Imaging, the largest imaging operator in the country. RadNet Imaging operates 323 locations across the country and has a current market cap of $661M. The facility, which was built in 1986, consists of 14,470 square feet and has a 4.5-year lease term remaining on it.

Kelsi Maree Borland

Kelsi Maree Borland is a freelance writer and editor living in Los Angeles whose work has appeared in such publications as Travel + Leisure, Angeleno and Los Angeles Magazine.

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