Hanley Investment Group Arranges Sale Of Starbucks Drive-Thru Property In Riverside For $4.89M

Hanley Investment Group arranged the sale of a Starbucks Drive-Thru-anchored property in Riverside, California, for $4.89 million. The property, located at 22420 Van Buren Boulevard, spans 1.14 acres and features a retail space measuring 6,963 square feet. The sale price equated to a price per square foot of $702. The fully occupied investment boasts a prime location and a mix of internet-resistant tenants, appealing to an international buyer.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $4,890,000
• Address: 22420 Van Buren Boulevard
• Market: Riverside
• Acres: 1.14

Shirley Kim, representing Max Mega Group Realty, acted as the buyer's representative in the transaction. On the other hand, Eric Wohl and CJ Kiehler from Hanley Investment Group Real Estate Advisors acted as the seller's representatives.