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1995 West Olive Avenue
SOLD

Hanley Investment Group Brokers $8.2M Sale Of Merced Retail Properties For Private Buyers

1995 West Olive Avenue

Retail
5,088 SF
clock iconSold 117 days ago
Jeff Lefko
Bill Asher
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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

Jeff Lefko's profile picture
Jeff Lefko
Hanley Investment Group -image
Executive Vice President
$290.6M Sold

Details

Deal Summary
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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.

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Address1995 West Olive Avenue

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