Chase Partners Ltd. Sells Development Site In San Bernardino For $3.03 Million

The transaction involved a development site located at the intersection of Redlands Boulevard and Hunts Lane in the San Bernardino market. The sale price for this asset was $3,030,000, structured as a pre-sale of a new single-tenant 7-Eleven commercial fueling lanes prototype, under a 15-year absolute triple-net ground lease. It is noted as the first of its kind in California.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $3,030,000
• Seller: David Parker - Chase Partners Ltd.
• Buyer's Representative: Jonathan Selznick - Lee & Associates
• Seller's Representatives: Bill Asher & Jeff Lefko - Hanley Investment Group
• Closing Date: 03/02/2026
• Lease Structure: 15-year absolute triple-net ground lease
• Market: San Bernardino

Hanley Investment Group Real Estate Advisors facilitated the transaction, with Bill Asher and Jeff Lefko representing the seller, Chase Partners Ltd., while Jonathan Selznick represented the private buyer from Orange County. The deal concluded 5.5 months prior to the commencement of rent for 7-Eleven.