San Luis Obispo Buyer Acquires 7-Eleven Ground Lease In Yucaipa For $3.6 Million

The retail property located at 11361 Bryant Street in Yucaipa has been sold for $3,600,000. The asset spans 4,088 square feet and is part of a newly built 7-Eleven ground lease, scheduled to open in early to mid-December under a 15-year corporate lease. The price per square foot for this transaction amounts to $881.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $3,600,000
• Square Footage: 4,088
• Price per Square Foot: $881
• Address: 11361 Bryant Street
• Market: Yucaipa
• Seller: Evergreen Devco
• Buyer's Representative: John Hans - Colliers
• Seller's Representatives: Bill Asher & Jeff Lefko - Hanley Investment Group; Jeff Stanley - Lee & Associates

A buyer from San Luis Obispo County has successfully acquired the property, with the transaction facilitated by John Hans of Colliers representing the buyer. The seller, Evergreen Devco, was represented by Bill Asher and Jeff Lefko from Hanley Investment Group, along with Jeff Stanley from Lee & Associates.