Updated Oct 29, 2024
Hanley Investment Group Arranges $3.18M Sale Of New Fresno Starbucks Drive-Thru Near California State University
2788 W Bullard, Fresno, CA 93711
$3,180,000
$1,413/SF
Building Size
2,250 SF
Asset Type
Retail
Closing
Aug 29, 2023
About this deal
AI
Hanley Investment Group arranged the $3.18 million sale of a new Fresno Starbucks Drive-Thru located at the Northeast Corner of Bullard Avenue & First Street, in the Fresno market. This retail property spans 2,250 square feet with a price per square foot of $1,413.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,180,000
- Address: Northeast Corner of Bullard Avenue & First Street
- Market: Fresno
The seller, Laguna Canyon Group, was represented by EVPs Bill Asher and Jeff Lefko, from the Hanley Investment Group Real Estate Advisors. The buyer, a local private investor, was represented by Patrick Conway of CBRE.
Players
Watsonville Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.99%
Cash-on-Cash
-1.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93