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California  + Inland Empire  + Retail  | 

Starbucks-Anchored Retail Pad Sells to LA Buyer

Hanley Investment Group Real Estate Advisors and Oaks Commercial Real Estate arranged the sale of a 4,767-square-foot multi-tenant retail pad property anchored by a Starbucks Drive-Thru in Diamond Bar. The sale price was $4.57 million.

EVPs Bill Asher and Jeff Lefko of Hanley, in association with Fred Encinas of Oaks Commercial Real Estate in Eastvale, represented the seller, a private partnership based in Las Vegas. The buyer, a private, non-exchange investor from Los Angeles, was represented by Arman Mahmoodi of BeachRock Group, Inc. at Keller Williams in Beverly Hills.  

“We generated over 10 qualified and competitive offers within the first month of marketing and secured a Southern California-based private buyer who owned similar Starbucks investments at 98% of the listed price,” Asher said.

Built in 2016 on a 0.70-acre lot, the Starbucks-anchored building is located at 22438 Golden Springs Dr. in Diamond Bar.

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Hanley Investment Group Real Estate Advisors

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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