1250 & 1270 EAST PARK STREET
HOLLISTER, CA 95023

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just CLOSED!

SALE PRICE: $5,250,000

 

New Construction Built 2020

Alex Reyhan and Daniel Hirth of the Hirth Group are pleased to announce another successful closing of 1250 & 1270 E Park Street. The Hirth Group represented the Buyer who was going through a 1031 Exchange. We were able to negotiate and secure the multi-national tenant center $127,000 below list price as an upleg for our client while the property was not currently listed on the open market.  
 
The subject property is located in Hollister, California and was recently constructed in 2020. The current tenants consist of Verizon and Chipotle: Verizon’s lease is secured with one of the strongest franchisees with over 800 stores across 40 states and Chipotle being corporate guaranteed. The parcel is part of a new shopping center being developed in Hollister, California.

 

1031 EXCHANGE | NNN ASSET

contact

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Alex Reyhan

Vice President

310.300.3181 Direct

Alex@HirthGroup.com

License CA: 02005428

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Daniel Hirth

Managing Director

310.300.2838 Direct

Daniel@HirthGroup.com

License CA: 01515796

The sale

Represented Buyer
National/Corporate Tenants:
Verizon & Chipotle
Secured 1031 Exchange 
Before Going to Market
CAP Rate: 4.72%
No Landlord Responsibilities
NNN Leases
$127,000 Below List Price