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California  + Retail  | 

Fresno Retail Pad Anchored by Dutch Bros Sells to Private Investor

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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Inside The Story

Hanley Investment Group's Cox

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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