Hanley Investment Group Arranges $2.6 Million Sale of Two-Tenant Retail Property in Merced, California

Merced, Calif. — Hanley Investment Group Real Estate Advisors has arranged the sale of a two-tenant retail building, located at 360 W. 16th St. in Merced, California. Ares Commercial Properties acquired the property from a Bakersfield, California-based private investor for $2.6 million. Built in 2016, the 3,700-square-foot pad building features a 1,900-square-foot Starbucks Coffee with drive-thru and an 1,800-square-foot T-Mobile store. Bill Asher, Jeff Lefko and William Ito of Hanley Investment Group represented the seller, while Mort Rothman of Commercial Real Estate represented the buyer in the transaction.