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Newly Built Visalia Starbucks Trades to 1031 Buyer in All-Cash Deal
Hanley Investment Group Real Estate Advisors arranged the sale of a newly constructed Starbucks Drive-Thru in Visalia. The single-tenant building, featuring a café and double drive-thru, sold for $3.4 million, or $1,700 per square foot.
VPs Sean Cox and Alexander Moore, along with EVPs Bill Asher and Kevin Fryman, represented the seller and developer, Fresno-based Stock Five Development. The buyer, a Los Angeles-based private investor, was represented by David Mouallem with D.M. Realty Inc. of Los Angeles.
“We sourced an all-cash 1031 exchange buyer from Los Angeles within just a few weeks of formally marketing the property for sale,” said Cox. “We negotiated a 15-day due diligence period and closed just 20 days after opening escrow.”
Completed in 2023, the 2,000-square-foot Starbucks building sits on 0.64 acres at 237 West Caldwell Ave. within the Cameron Creek Marketplace, a retail and residential development.
- ◦Sale/Acquisition




