Hanley Investment Group Sells Single-Tenant Starbucks Property In Los Angeles For $3.3M

Hanley Investment Groupbrokered the sale of a single-tenant Starbucks property located at 1789 West Jefferson Boulevard in Los Angeles. The property spans 0.3 acres and has a total square footage of 1,486. The transaction took place on January 12, 2024, and the sale price was $3,300,000, resulting in a price per square foot of $2,221.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $3,300,000
• Square Footage: 1,486
• Price per Square Foot: $2,221
• Address: 1789 West Jefferson Boulevard, Los Angeles

Ryan Sharpe from Kidder Mathews represented the buyer in this transaction. On the other side, Bill Asher and Jeff Lefko from Hanley Investment Group represented the seller. It is worth noting that Ryan Sharpe and his agency, Kidder Mathews, successfully closed the deal for their client, while Bill Asher and Jeff Lefko represented the seller throughout the negotiation process.