Hanley Arranges Sale of Two Single-Tenant Properties Totaling $8.2 Million in Merced, California

by Hayden Spiess

Merced, Calif. — Hanley Investment Group Real Estate Advisors has arranged the sale of two single-tenant retail properties located in Merced. Private buyers purchased the properties in separate transactions totaling $8.2 million. Developer Chase Partners Ltd. was the seller. Starbucks Coffee occupies one of the properties, which comprises 1,000 square feet and sold for $2.9 million, on a new 10-year triple-net lease. The other property totals 4,088 square feet and is occupied by 7-Eleven on a new 15-year triple-net lease. Bill Asher and Jeff Lefko of Hanley represented the seller in the transactions. 

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