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California  + Inland Empire  + Net Lease  | 
Hanley Investment Group arranged the sale of two net-leased retail investments to two different buyers in Southern California’s Imperial Valley

Hanley Closes Pair of Single-Tenant Sales in Imperial Valley

Hanley Investment Group Real Estate Advisors arranged the sale of two new construction single-tenant net-leased retail investments to two different buyers as part of a break-up sale strategy at a new retail development in Southern California’s Imperial Valley.

The two buildings, which totaled 7,519 square feet and were leased by Starbucks Drive-Thru and the United States Postal Office, sold for a combined total of $5.81 million. EVPs Bill Asher and Jeff Lefko represented the seller and developer, San Diego-based 5th Street Development LLC, in both transactions.

In the first transaction, Asher and Lefko arranged the sale of a 2,089-square-foot building located at 802 N. Imperial Ave. in Imperial. In the second, they finalized the sale of a USPS facility at 820 N. Imperial Avenue in Imperial.

Last year, Asher and Lefko represented the seller and developer in the sale of a new 20-year absolute triple-net ground lease for a new construction McDonald’s adjacent to the USPS building.

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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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