A newly built Panera Bread in Hesperia has been sold for $4,150,000 in an all-cash transaction orchestrated by Beta Agency. The property is strategically located at 18663 Bear Valley Road, at the entrance to Mojave Plaza. The plaza is home to popular anchor tenants including Aldi, Auto Zone, and Planet Fitness. The Panera Bread property comes with a 15-year lease agreement, making it an attractive investment opportunity for the buyer. With a cap rate of 5.05%, this transaction was part of a 1031 exchange.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $4,150,000
• Address: 18663 Bear Valley Road
• Market: Hesperia
• Brokers: Adam Friedlander & Richard Rizika - Beta Agency

Beta Agency, represented by brokers Adam Friedlander and Richard Rizika, facilitated the successful sale of the Panera Bread property. This deal highlights the expertise and negotiation skills of the Beta Agency team in securing a high-value transaction in the retail sector. With the property's prime location and long-term lease agreement, the buyer can expect a steady income stream and potential future appreciation.