Private Family Office Acquires Modesto Property For $25 Million With Broker Alexander Moore

The Promenade Shopping Center, located at 3501 McHenry Ave, Modesto, CA 95356, was sold for $25,000,000.00. The retail center spans a total of 118,485 square feet and was fully occupied at the time of the sale by notable tenants including Ross Dress for Less, Barnes & Noble, AutoZone, Skechers, Hallmark, Cold Stone Creamery, and Subway.

Summary of transaction details:

• Property Type: Retail Center
• Transaction Amount: $25,000,000.00
• Address: 3501 McHenry Ave, Modesto, CA 95356
• Square Footage: 118,485
• Market: Modesto
• Buyer's Representative: Alexander Moore-Hanley Investment Group- Real Estate Advisors
• Buyer: Private Family Office
• Seller: Ownership group managed by West Valley Properties

Faris Lee Investments facilitated the transaction, with Alexander Moore, Sean Cox, and Don MacLellan representing the buyer throughout the acquisition process.