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New ownership

Jack in the Box building changes hands in deal

The property at 4361 E. Baseline Road on which a Jack in the Box franchise has been the tenant was sold June 13, according to commercial real estate website vizzda.com.

The restaurant recently closed.

An entity tracing to Launch Development purchased this property for $2.1 million or $795 per square foot. The seller entity, Modesto Central, traces to or in the care of CPAs Bijan Akhavan and Shamin Akhavan.

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New ownership

Jack in the Box building changes hands in deal

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The property at 4361 E. Baseline Road on which a Jack in the Box franchise has been the tenant was sold June 13, according to commercial real estate website vizzda.com.

The restaurant recently closed.

An entity tracing to Launch Development purchased this property for $2.1 million or $795 per square foot. The seller entity, Modesto Central, traces to or in the care of CPAs Bijan Akhavan and Shamin Akhavan.

The 2,640 square-foot building is a free-standing single tenant retail building on one story built 1999 on 1.2 acres zoned shopping center.

It is the planned area development of a neighborhood shopping center and has 37 parking spaces and a drive-thru. 

Jack in the Box, Launch Development, Modesto Central

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