A 2,583-square-foot, single-tenant retail property located at 1257 Park Street in Alameda has been sold for $4,000,000. The property, constructed in 1991, is currently occupied by Jack in the Box and is situated in Downtown Alameda's shopping district.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $4,000,000
• Sale Price per Square Foot: $1,549
• Seller: CalBay Development
• Buyer’s Representative: Jake Kim - Pinnacle Estate Properties
• Seller’s Representatives: Bill Asher, Jeff Lefko & Jeremy McChesney - Hanley Investment Group; Cherie Huillade - Colliers

Hanley Investment Group facilitated the transaction, representing the seller, CalBay Development. The sale was navigated with the assistance of multiple representatives, showcasing collaboration between different agencies in the real estate market.