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California  + Inland Empire  + Retail  | 
Hanley Investment Group Real Estate Advisors has completed the $4.05-million sale of a new multi-tenant retail investment in Perris, CA

Multi-Tenant Perris Retail Trades in 1031 Exchange

Hanley Investment Group Real Estate Advisors recently completed the $4.05-million sale of a new multi-tenant retail investment leased to Altura Credit Union and Little Caesars Drive-Thru in Perris. The property is located on an outparcel to a Cardenas Markets anchored shopping center, near the Interstate 215 on/off-ramps.  

EVPs Bill Asher and Jeff Lefko of Hanley represented the seller, a private partnership from Orange Count. The buyer, a local family office from Riverside County, was represented by Howard Rosenthal and Guy Excell of Rosenthal & Excell Commercial Real Estate in Hemet.  

“We procured an all-cash 1031 exchange buyer through a broker relationship in an off-market transaction,” said Asher. “The purchase fulfilled the buyer’s specific exchange criteria, and we closed escrow at premium pricing based on today’s market conditions, which met the seller’s expectations.”  

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Hanley Investment Group's Asher

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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