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California  + Inland Empire  + Retail  | 

Faris Lee Completes Pair of QSR Deals

Faris Lee Investments completed the sale of two QSR restaurants for a combined $5.3 million. The assets include a Panera Bread in Lake Elsinore, CA, and DogHaus Restaurant & Brewery in Vista, CA.

The newly-constructed 4,300-square-foot Panera Bread property is located on a pad fronting the newly-developed Central Plaza shopping center at the I-15 freeway on/off ramp at Central Avenue.

The property was pre-sold, as it was still under construction at the time of sale at a price of $3.8 million and a cap rate of 4.75%. Faris Lee’s Jeff Conover and Chris DePierro represented the seller, HFC/PRP Elsinore LLC. The buyer, Loan Oak Ranch, Inc., was advised by Schuil & Associates.

The newly-constructed 3,593-square-foot DogHaus Restaurant & Brewery property is located in downtown Vista. The property sold for nearly $1.6 million and a 4.78% cap rate. Conover, Scott DeYoung, and Hunter Steffien represented the seller, 227 Broadway LLC. Faris Lee also represented the buyer, Maddvio California LLC.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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