{"id":1004376221,"date":"2019-12-16T10:49:00","date_gmt":"2019-12-16T18:49:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004376221"},"modified":"2025-02-27T21:51:37","modified_gmt":"2025-02-28T05:51:37","slug":"hanley-investment-arranges-sale-of-california-retail-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hanley-investment-arranges-sale-of-california-retail-asset\/","title":{"rendered":"Hanley Investment Arranges Sale of California Retail Asset"},"content":{"rendered":"
\"2935<\/a>

2935 Main St. Image courtesy of Hanley Investment Group<\/em><\/p><\/div>\n

Hanley Investment Group Real Estate Advisors has arranged the $4.7 million sale of a Starbucks-occupied, 4,435-square-foot building in Mammoth Lakes, Calif. The largest Starbucks building in the state traded for $1,065 per square foot.<\/p>\n

Hanley Investment Group Executive Vice Presidents Bill Asher and Kevin Fryman, together with Vice President Jeff Lefko, represented the seller, a Los Angeles-based private partnership. Asher and Lefko were also instrumental in the $8.8 million sale of a retail asset<\/a> in Rialto, Calif. Cushman & Wakefield\u2019s Blake Tagmyer negotiated the deal on behalf of the buyer, a private investor from San Diego.<\/p>\n

Completed in 1984, the single-tenant asset was renovated in 2018\u2014Mammoth\u2019s first major redevelopment in more than 10 years, according to Fryman. Amenities include a conference room and an indoor\/outdoor fireplace. Starbucks has signed a new long-term lease at the property, with rental increments every five years.<\/p>\n

Located at 2935 Main St., the 1.2-acre property is near Mammoth Hospital, welcome center, Grocery Outlet and Shilo Inn, having three points of ingress\/egress off Main Street and Sierra Park Road. The coffee place sits at the entrance of the Mammoth Lakes resort area, which welcomes more than 2.5 million tourists annually.<\/p>\n

If you\u2019d like to be featured in Brokers\u2019 Corner, send your deal to <\/em>deals@cpe-mhn.com<\/em><\/strong><\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The largest Starbucks building in the state traded for $1,065 per square foot.<\/p>\n","protected":false},"author":870,"featured_media":1004365520,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,21742,21749,15],"tags":[32799,33902,35553],"class_list":["post-1004376221","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-latest","category-retail","category-west","tag-cushman-wakefield","tag-hanley-investment-group","tag-starbucks"],"acf":[],"yoast_head":"\nHanley Investment Arranges Sale of California Retail Asset - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/hanley-investment-arranges-sale-of-california-retail-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hanley Investment Arranges Sale of California Retail Asset\" \/>\n<meta property=\"og:description\" content=\"The largest Starbucks building in the state traded for $1,065 per square foot.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/hanley-investment-arranges-sale-of-california-retail-asset\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-12-16T18:49:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-28T05:51:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/CPE-Brokers-Corner-827x400.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"827\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adriana Marinescu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hanley-investment-arranges-sale-of-california-retail-asset\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/hanley-investment-arranges-sale-of-california-retail-asset\/\",\"name\":\"Hanley Investment Arranges Sale of California Retail Asset - 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