**Dutch Bros-Anchored Retail Pad in Fresno Sells for $4.6 Million**
Hanley Investment Group Real Estate Advisors has successfully arranged the sale of a 7,502-square-foot multi-tenant retail pad anchored by a Dutch Bros Coffee drive-thru in Fresno, California. Located within the River Oak Plaza — a shopping center anchored by Tractor Supply — the property sold for $4.6 million.
Sean Cox, Vice President, and Bill Asher, Executive Vice President of Hanley Investment Group, represented the seller, California Gold Development Corporation based in Sonora. The buyer, a private investor from Visalia, was represented by Vicky Casey of Casey & Associates, also based in Visalia.
“We generated seven qualified offers in the first 45 days of marketing, ultimately securing a Central Valley-based 1031 exchange buyer on the final day of their identification period,” said Cox. “We negotiated a 30-day contingency period and timely closing, which enabled us to meet the buyer’s desired closing date and ensure a seamless transaction for both parties.”
The Dutch Bros-anchored property was built in 2019 and is located at 6770 N. Brawley Avenue in Fresno, situated on a 1.25-acre parcel.
