Hanley Investment Group Real Estate Advisors recently facilitated the sale of a newly constructed Starbucks Drive-Thru in Visalia. The single-tenant building, which includes a café and double drive-thru, sold for $3.4 million at a rate of $1,700 per square foot.
The seller and developer, Fresno-based Stock Five Development, were represented by VPs Sean Cox and Alexander Moore along with EVPs Bill Asher and Kevin Fryman. The buyer was an all-cash 1031 exchange investor from Los Angeles who was represented by David Mouallem with D.M Realty Inc.
According to Cox, the property garnered significant interest from potential buyers within just weeks of being listed on the market. A deal was quickly negotiated with a 15-day due diligence period before closing just 20 days after opening escrow.
Built in 2023 on 0.64 acres within the Cameron Creek Marketplace development that features both retail and residential spaces,the newly built Starbucks spans over2 ,000 square feet located at237 West Caldwell Avein Visalia.
This transaction highlights Hanley Investment Group’s expertise in facilitating successful deals between buyers and sellers while maintaining efficient timelines for all parties involved.
