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.

Matthews Real Estate Investment Services were the listing agents for the property were associate of healthcare Kyle Mackulak, senior associate of healthcare Rahul Chhajed, and assistant VP and director of healthcare Michael Moreno.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.