The $3.4 million sale of a newly constructed Starbucks Drive-Thru in Visalia, located at 237 West Caldwell Avenue, involved a retail asset spanning 2,000 square feet on 0.64 acres. The transaction occurred in the Visalia market, with a sale price of $1,700 per square foot.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $3,400,000
• Address: 237 West Caldwell Avenue
• Market: Visalia
• Square Footage: 2,000
• Price per Square Foot: $1,700
• Seller: Guy Stockbridge - Stock Five Development
• Buyer's Rep: David Mouallem - D.M. Realty Inc
• Seller's Rep: Alexander Moore, Bill Asher, Kevin Fryman & Sean Cox - Hanley Investment Group

The deal was orchestrated by Hanley Investment Group Real Estate Advisors, with the seller, Stock Five Development based in Fresno, represented by VPs Sean Cox and Alexander Moore, along with EVPs Bill Asher and Kevin Fryman. On the other side, the buyer, a private investor from Los Angeles, was represented by David Mouallem of D.M. Realty Inc.