Hanley Investment Group Real Estate Advisors arranged the sale of a 7,502-square-foot Dutch Bros Coffee Drive-Thru-anchored multi-tenant retail pad within the River Oak Plaza, a Tractor Supply-anchored shopping center in Fresno. The sale price was $4.6 million.
VP Sean Cox and EVP Bill Asher represented the seller, California Gold Development Corporation of Sonora. The buyer, a private investor based in 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.”
Built in 2019 on 1.25 acres, the Dutch Bros-anchored building is located at 6770 N. Brawley Ave. in Fresno.
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