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Chase Partners Ltd. Sells Newly Built Starbucks In Moreno Valley For $2.7 Million

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SOLD
$2,700,000

California

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Retail1,500 SF
Sold 09/25/2025
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SOLD

Chase Partners Ltd. Sells Newly Built Starbucks In Moreno Valley For $2.7 Million

22350 Cactus Avenue

See Similar Deals
Retail1,500 SF
Sold 09/25/2025
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Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$1,800
Total Square Footage:1,500 SF
Transaction Type:Sale

The asset involved in the transaction is a newly built retail property located at 22350 Cactus Avenue in Moreno Valley. The sale price of the property was $2,700,000, and it encompasses a total square footage of 1,500. The price per square foot amounts to $1,800.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $2,700,000
  • Address: 22350 Cactus Avenue
  • Market: Moreno Valley
  • Square Footage: 1,500
  • Price Per Square Foot: $1,800
  • Seller: Chase Partners Ltd.
  • Broker Representatives: Bill Asher & Jeff Lefko - Hanley Investment Group

The transaction was facilitated by Hanley Investment Group, with Bill Asher and Jeff Lefko representing the seller, Chase Partners Ltd. The buyer, a private investor from Orange County, was represented by David Kluver of Lee & Associates.

Players

Bill Asher
90 deals$653.6M volume
BROKER

Jeff Lefko
Hanley Investment Group
88 deals$611.2M volume
BROKER

Hanley Investment Group
BROKERAGE

Details

SOLD
IMAGE: Bill Asher & Jeff Lefko DATE: 09/25/2025 ADDRESS: 22350 Cactus Avenue MARKET: Moreno Valley ASSET TYPE: Retail SELLER: Chase Partners Ltd. BROKERS: Bill Asher & Jeff Lefko (@JeffLef80) - Hanley Investment Group (@HanleyInvestmentGroup) SALE PRICE: $2,700,000 SF: 1,500 ~ PPSF: $1,800 NOTE: Hanley Investment Group arranged the $2.7 million sale of a newly built Starbucks in Moreno Valley’s Cactus Commerce Center. Bill Asher and Jeff Lefko represented seller Chase Partners, while David Kluver of Lee & Associates represented the Orange County private investor buyer.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$144,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,592.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,799.38
Annual Debt Service$153,592.53