California CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Hanley Arranges Sale of Four-Tenant Riverside Pad Site
Hanley Investment Group Real Estate Advisors arranged the sale of a recently constructed, four-tenant net-leased investment anchored by a Starbucks Drive-Thru in Riverside, situated directly off Interstate 215 on/off ramps. EVP Eric Wohl and associate CJ Kiehler represented the seller, a local developer based in Irvine.
The buyer, a private international investor, was represented by Shirley Kim of Max Mega Group Realty in Los Angeles. The sale price was $4.89 million.
“We generated multiple qualified offers and secured an all-cash foreign buyer for the four-tenant, freeway-adjacent, triple-net retail investment,” said Wohl. “The newly developed property was 100% occupied at the time of sale and is expected to be an excellent long-term investment with strong cash flow.”
The 6,963-square-foot pad building sits on 1.14 acres and was built in 2020. It is located at 22420 Van Buren Blvd. and is part of Veteran’s Plaza, a community shopping center and hotel.
- ◦Sale/Acquisition


