Hanley Investment Group & Progressive Real Estate Partners Facilitates $2.93M Sale Of Retail Property In Bakersfield

A newly constructed Chase Bank property located at 2631 Oswell Street in Bakersfield, California was sold for $2,930,000 under an absolute triple-net ground lease. The property spans 3,576 square feet with a price per square foot of $819. Positioned in a high-traffic area near major retailers, Bakersfield Community College, and Kern Medical, the property offers strategic advantages to the buyer and seller.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $2,930,000
• Market: Bakersfield
• Acres: 0.85
• Buyer's Rep: Greg Bedell & Lance Mordachini - Progressive Real Estate Partners
• Seller's Rep: Bill Asher & Jeff Lefko - Hanley Investment Group

Progressive Real Estate Partners, represented by Greg Bedell and Lance Mordachini, facilitated the purchase for private investors. On the other side, the seller was represented by Bill Asher and Jeff Lefko from Hanley Investment Group. This transaction highlights the collaboration between these professionals in the real estate market, showcasing their expertise in closing significant deals in the Bakersfield area.