SOLD
Hanley Investment Group Brokers $8.2M Sale Of Merced Retail Properties For Private Buyers
1995 West Olive Avenue
Retail
5,088 SF
5,088 SF
Sold 45 days ago
Summary
Sale
CALIFORNIA
Retail
5,088 sqft
The retail property located at 1995 West Olive Avenue in Merced was sold in a transaction facilitated by Hanley Investment Group. The property, with a total square footage of 5,088, was acquired for $8,200,000 at a price per square foot of $1,612.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $8,200,000
- Address: 1995 West Olive Avenue
- Market: Merced
- Seller: David Parker - Chase Partners Ltd
- Brokers: Bill Asher & Jeff Lefko (JjeffLef80) - Hanley Investment Group
- SF: 5,088
- PPSF: $1,612
Bill Asher and Jeff Lefko from Hanley Investment Group played key roles in the transaction, representing the parties involved. The sale involved two single-tenant retail properties, one with Starbucks as the tenant under a new 10-year triple-net lease, and the other with 7-Eleven as the tenant under a new 15-year triple-net lease.
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: Jeff Lefko & Bill Asher
DATE: 03/18/2024
ADDRESS: 1995 West Olive Avenue
MARKET: Merced
ASSET TYPE: Retail
SELLER: David Parker - Chase Partners Ltd
BROKERS: Bill Asher & Jeff Lefko (JjeffLef80) - Hanley Investment Group (@HanleyInvestmentGroup)
SALE PRICE: $8,200,000
SF: 5,088 ~ PPSF: $1,612
NOTE: Hanley Investment Group arranged the sale of two single-tenant retail properties in Merced for $8.2 million to private buyers, with developer Chase Partners Ltd. as the seller. One property, housing Starbucks, sold for $2.9 million with a new 10-year triple-net lease, while the other, occupied by 7-Eleven, sold for an undisclosed amount with a new 15-year triple-net lease.View on map
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Address1995 West Olive Avenue
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