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HIG Arranges $3M Pre-Sale of New Moreno Valley Car Wash

Hanley Arranges $3M Pre-Sale of New Moreno Valley Car Wash

Retail specialist Hanley Investment Group (HIG) has arranged the $3.2 million pre-sale of a newly constructed Quick Quack Car Wash in Moreno Valley, CA. Located at the Moreno Valley Marketplace Shopping Center, the asset was purchased by a private investor from Inland Iris Partners, an affiliate of The Lynch Group.

HIG’s Bill Asher, Jeff Lefko and Ed Hanley, in association with Jason Gordon from Epsteen & Associates, represented the seller in the deal. “We procured a 1031 exchange buyer through an industry relationship and closed escrow utilizing a pre-sale marketing strategy,” commented Asher. “This sale represents the first Quick Quack Car Wash sale in California since August 2022.”

The 0.80-acre property is located at 24855 Iris Avenue at the corner of Perris Boulevard. Moreno Valley Marketplace Shopping Center is a brand-new retail center that will boast recognizable tenants like Aldi, The Habit Burger and Starbucks once construction is completed later in 2023.


Inside The Story

HIG's Bill AsherEpsteen & AssociatesQuick Quack Car Wash

About Mark Nieto

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.

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