The property asset involved in the transaction is a retail space located at 711 Town Center Drive in Oxnard, California. This newly built Shake Shack drive-thru spans 3,286 square feet and sits on 1.01 acres. The sale price was recorded at $7,240,000, which translates to a price per square foot of $2,203.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $7,240,000
• Address: 711 Town Center Drive
• Market: Oxnard
• Asset Size: 3,286 SF
• Price Per Square Foot: $2,203
• ACRES: 1.01
• Buyer's Representative: Judson Kauffman - Surmount
• Seller's Representatives: Sean Cox, Jeff Lefko & Bill Asher - Hanley Investment Group

Hanley Investment Group facilitated the transaction, representing the Texas-based developer seller, while the buyer, a Northern California 1031 investor, was represented by Judson Kauffman. The deal is notable for achieving the highest recorded price for a single-tenant Shake Shack nationwide, under a 15-year corporate-guaranteed triple-net lease.