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.