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California  + Inland Empire  + Net Lease  | 

1031 Buyer Acquires Single-Tenant Pads in Murrieta

Hanley Investment Group Real Estate Advisors arranged the $6.9-million sale of two adjacent single‑tenant pads leased to Quick Quack Car Wash and Popeyes in Murrieta. The transaction closed before Popeyes commenced construction and opened for business.

SVP Sean Cox and EVP Bill Asher of Hanley represented the seller, a private developer based in Orange County. The buyer, a private 1031 exchange investor based in California’s Central Valley, was represented by Brendan Tyoran and Jake Linsky of Matthews Real Estate Investment Sales.

“We generated multiple qualified offers from California‑based buyers and ultimately procured an all‑cash 1031 exchange buyer,” said Cox. “We strategically marketed the property promoting Quick Quack’s rare upcoming 12% rent increase to help maximize value and secure premium pricing for the seller.”

The Quick Quack and Popeyes properties are located at 60640 and 60642 California Oaks Rd., respectively. Both tenants operate under triple-net ground leases.

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Inside The Story

Hanley Investment Group's Cox

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-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 7-10 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).

  • ◦Sale/Acquisition
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