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Investing in Orangevale Auto Service

Jiffy Lube Sells for $1.15M in Orangevale
By Jacquie Furtado
November 27, 2002 | 6:26 P.M.

Darrell K. & Jean A. Heninger Trust purchased Jiffy Lube located at 9286 Greenback Lane in Orangevale, CA. The auto service center sold for a confirmed $1.15 million, or $277.24 per square foot, with an 8.54 percent cap rate. Built in 1987, the 4,148-square-foot property is comprised of three hydraulic lifts, three bays and six grade level doors. Grubb & Ellis represented both sides of the deal. Cherie Huillade represented the buyer, while Bill Liggett and Heath Charamuga represented the seller, P&L Properties. By: Jacquie Furtado & Shawn Kelson (11/27/02)

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