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California  + Retail  | 

Hanley Closes All-Cash 1031 Exchange Retail Deal in Upland

Corona del Mar, CA-based Hanley Investment Group completed the sale of a 9,167-square-foot multi-tenant retail pad building in a neighborhood shopping center anchored by Smart & Final Extra! in Upland, CA. The all-cash 1031 exchange transaction price of $3.9 million, with a cap rate of 5.48%, represents a record low cap rate for a multi-tenant pad over $3.5 million in the trade area.

Built in 1997, the building is situated on nearly half an acre at Foothill Blvd. and Mountain Rd. The five-tenant property was 100% occupied with tenants including The UPS Store, The Spot Café, Mountain View Dental and We Talk Pets.

Hanley’s Bill Asher and Pat Kent represented the seller, San Diego-based CME Mountain Avenue LLC. EJ Realty & Investment’s Jin Hwang represented the buyer, a local investment partnership.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., 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, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
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