Hanley Investment Group Represents Buyer In $3.6M Sale Of Starbucks In San Bernardino

The transaction involved a retail asset, specifically a drive-thru Starbucks located at 291 East Hospitality Lane in the San Bernardino market. The sale price was $3,600,000 for a property that spans 1,200 square feet, equating to a price per square foot of $3,000.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $3,600,000
• Square Footage: 1,200
• Price per Square Foot: $3,000
• Address: 291 East Hospitality Lane
• Market: San Bernardino
• Seller's Representative: David Kluver - Lee & Associates
• Buyer's Representatives: Bill Asher & Jeff Lefko - Hanley Investment Group

The transaction was facilitated by Hanley Investment Group Real Estate Advisors, who successfully brokered the sale of the single-tenant retail asset. The Starbucks operates under a 15-year triple-net corporate lease, with provisions for 10% rent increases every five years, illustrating investor interest in long-term, stable cash-flow properties.