Hanley Arranges Sale of Net-Leased Property in Vacaville
Hanley Investment Group Real Estate Advisors has completed the sale of a single-tenant net-leased property in Solano County for $5.25 million. The building is currently occupied by The Learning Experience, an educational childcare company.
The 9,990 square-foot property was constructed in 2020 and is located at 1959 Peabody Rd. in Vacaville, CA in a shopping center anchored by Lucky supermarket with easy access to Interstate 80.
Hanley’s Jeff Lefko and Bill Asher represented the developer and seller, Armstrong Development Properties, Inc. The buyer, a private investor from Hawaii, was represented by Donald Yang of Advocate Realty Group.
Lefko said in a news release, “The area offers dense, affluent demographics ideal for a child learning center”. The deal marks Lefko and Asher’s third single-tenant net-leased The Learning Experience sold in the Bay Area.
Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.