{"id":1004379752,"date":"2020-01-07T05:05:18","date_gmt":"2020-01-07T13:05:18","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004379752"},"modified":"2025-02-27T21:51:00","modified_gmt":"2025-02-28T05:51:00","slug":"hanley-investment-brokers-another-california-starbucks-sale","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hanley-investment-brokers-another-california-starbucks-sale\/","title":{"rendered":"Hanley Investment Brokers Another California Starbucks Sale"},"content":{"rendered":"
\"Starbucks<\/a>

Starbucks Fresno. Image courtesy of Hanley Investment Group<\/em><\/p><\/div>\n

Hanley Investment Group Real Estate Advisors has closed the sale of a 2,100-square-foot Starbucks property in Fresno, Calif. The company\u2019s Executive Vice Presidents Jeff Lefko and Bill Asher worked on behalf of the seller. A private investor from San Jose acquired the asset for $2.8 million or $1,345 per square foot, at a 4.35 percent cap rate.<\/p>\n

Completed in 2019, the brand new, drive-thru retail asset sits on a little less than 0.5 acres at 5211 W. Shaw Ave., at the intersection of West Shaw and North Dale avenues. The property provides convenient access to Highway 99. Within a 5-mile radius, there are more than 187,000 residents. At the time of the sale, Starbucks was the only drive-thru east of the highway in a 3-mile radius. <\/p>\n

This transaction follows another deal brokered by Hanley Investment in the same state. The company assisted the seller of the largest Starbucks building in California<\/a>. Other Starbucks retail properties brokered by Lefko and Asher include the newly developed drive-thru in Twentynine Palms and Imperial Valley, Califo., as well as The Coffee Bean & Tea Leaf with a drive-thru in Long Beach, Calif.<\/p>\n

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

The newly developed coffeehouse in Fresno changed hands for $1,345 per square foot. <\/p>\n","protected":false},"author":2518,"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":[33902,35553],"class_list":["post-1004379752","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-latest","category-retail","category-west","tag-hanley-investment-group","tag-starbucks"],"acf":[],"yoast_head":"\nHanley Investment Brokers Another California Starbucks Sale - 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-brokers-another-california-starbucks-sale\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hanley Investment Brokers Another California Starbucks Sale\" \/>\n<meta property=\"og:description\" content=\"The newly developed coffeehouse in Fresno changed hands for $1,345 per square foot.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/hanley-investment-brokers-another-california-starbucks-sale\/\" \/>\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=\"2020-01-07T13:05:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-28T05:51:00+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=\"Adina Marcut\" \/>\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-brokers-another-california-starbucks-sale\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/hanley-investment-brokers-another-california-starbucks-sale\/\",\"name\":\"Hanley Investment Brokers Another California Starbucks Sale - 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