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Hanley Investment Group Real Estate Advisors arranged the sale of a newly constructed, single-tenant net-leased Chipotle Mexican Grill with a Chipotlane drive-thru at 223 W. Hanford Armona Rd. in Lemoore. The sale price was $3.58 million.

SVP Sean Cox and EVP Bill Asher represented the seller, California Gold Development Corporation, a private commercial real estate investment and development company based in Northern California, and a repeat Hanley client. The buyer, a private investor based in the Central Valley, was represented by Rick Bissat of Avedian Properties Company in Visalia.

“We generated multiple qualified offers and secured a Central Valley-based 1031 exchange buyer who obtained third-party financing through Hanley’s relationship with a qualified mortgage broker Hanley had successfully worked with many times in the past,” said Cox. “We retained maximum market pricing with no price adjustment while the 10-year Treasury yield increased by approximately 50 basis points during escrow.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 19-plus years’ experience covering the commercial real estate industry and 35-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 11-15 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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