REBusinessOnline

SRS Brokers $3.1M Sale of Maverick-Occupied Gas Station/Convenience Store in Salt Lake City

SALT LAKE CITY — SRS Real Estate Partners has arranged the sale of a gas station and convenience store property located at 2680 S. 2000 E in Salt Lake City. A Texas-based private investor and developer sold the asset to a Utah-based private independent petroleum marketer for $3.1 million.Maverick, an independent fuel marketer, occupies the 3,024-square-foot property. Built in 1983 and renovated in 2018, the property features an eight-pump gas station and high-volume convenience …

Marcus & Millichap Arranges $1.1M Sale of Retail Property in Tonasket, Washington

TONASKET, WASH. — Marcus & Millichap has brokered the sale of a retail building, located at 409 E. Whitcomb Ave. in Tonasket. A limited liability company sold the asset to another limited liability company for $1.1 million.U.S. Bank occupies the 4,754-square-foot property under a net-lease basis. The bank has operated at the location for 35 years and recently executed a five-year lease extension. The property recently underwent an interior remodel.Clayton Brown and Ruthanne Romero …

Boulder Group Arranges $2.4M Sale of Net-Leased Retail Property in Taylor, Texas

TAYLOR, TEXAS — The Boulder Group, an Illinois-based retail brokerage firm, has arranged the $2.4 million sale of a 6,912-square-foot retail property that is net-leased to Advance Auto Parts in Taylor, located northeast of Austin. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller, a private investor based in the Southwest, in the transaction. The undisclosed, West Coast-based buyer completed the deal via a 1031

SRS Brokers $5.5M Ground-Lease Sale of Raising Cane’s-Occupied Property in Barstow, California

BARSTOW, CALIF. — SRS Real Estate Partners’ National Net Lease Group (NNLG) has arranged the $5.5 million ground-lease sale of a retail building located at 2620 Fisher Blvd. in Barstow. Starboard Realty Advisors sold the asset to a Los Angeles-based private investor.Raising Cane’s Chicken Fingers occupies the property, which is situated on 1.25 acres and features a double drive thru. The building was constructed in 2020 and the restaurant opened for business in May 2021. The asset has …

Skyline Group Buys 273,180 SF Glen Bell Way Office/R&D Campus in Irvine, California

IRVINE, CALIF. — Taiwan-based Skyline Group International has acquired Glen Bell Way, a Class A office and R&D campus located in downtown Orange County’s Irvine Spectrum.The 273,180-square-foot campus includes: 1 Glen Bell Way, a five-story office building; 3 Glen Bell Way, a one-and-two story R&D and office headquarter building; and 5 Glen Bell Way, a four-level, 911-stall parking structure.The campus is 100 percent triple-net-leased to Yum! Brands and Ford Motor Co. There …

NAI Shames Makovsky Brokers $3.1M Sale of 7-Eleven-Occupied Property in Berthoud, Colorado

BERTHOUD, COLO. — NAI Shames Makovsky has arranged the sale of a retail property located at 1111 Mountain Ave. in Berthoud, a small town near Fort Collins. 1111 Mountain Ave LLC sold the asset to 655 South Boulder LLC for $3.1 million.7-Eleven occupies the 4,067-square-foot building on a triple-net-lease basis. Paul Cattin and Samuel Cohen of NAI Shames Makovsky represented the seller, while Robert Edwards of Blue West Capital represented the buyer in the

Kidder Mathews Brokers $3.1M Sale of Net-Leased Retail Property in Costa Mesa, California

COSTA MESA, CALIF. — Kidder Mathews has arranged the sale of a net-leased retail property located at 400 E. 17th St. in Costa Mesa. A Newport Beach-based investor sold the asset to Massachusetts-based Henley Enterprises (dba Valvoline) for $3.1 million, or $3,454 per square foot.Since 2000, Valvoline has occupied the 902-square-foot building. The property was triple-net leased to the tenant, which is now the owner-operator.Michael Walseth of Kidder Mathews Walseth Net Leased group …

Stratton Road Realty Acquires Dobson Town Place Medical Office Building in Chandler for $10.3M

CHANDLER, ARIZ. — Stratton Road Realty LLC has purchased Dobson Town Place, a single-story medical office building located in south Chandler. Off Five LLC sold the asset for $10.3 million, or $232 per square foot.At the time of sale, the 44,000-square-foot property was 100 percent leased to a mix of medical, professional office and retail tenants on triple-net leases. Dobson Town Place was built in 2007 and 2008.James Taylor of Orion Investment Real Estate represented the seller in …

Hanley Investment Group Arranges $3.3M Purchase of PetSmart-Occupied Retail Property in Union Gap, Washington

UNION GAP, WASH. — Hanley Investment Group Real Estate Advisors has brokered the acquisition of a single-tenant retail building located at 1403 E. Washington Ave. in Union Gap. A Florida-based private investor sold the property to a Southern California-based buyer for $3.3 million.PetSmart occupies the 19,677-square-foot property, which was built in 2000, on a net-lease basis.Jeff Lefko and Bill Asher of Hanley Investment, in association with ParaSell, represented the buyer in the …

Marcus & Millichap Arranges $4.8M Sale of Planet Fitness-Occupied Property in Tucson

TUCSON, ARIZ. — Marcus & Millichap has brokered the sale of a retail building located at 4755 S. Calle Santa Cruz within Tucson Spectrum in Tucson. A limited liability company acquired the property from another limited liability company for $4.8 million.Planet Fitness occupies the 25,000-square-foot property, which was built in 2018, under a net lease.Mark Ruble and Chris Lind of Marcus & Millichap’s Phoenix office represented the seller and procured the buyer in the …

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