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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.”
- ◦Sale/Acquisition




