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California  + Inland Empire  + Retail  | 
Two New Riverside County 7-Elevens Sell for $10M

Two New Riverside County 7-Elevens Sell for $10M

Hanley Investment Group Real Estate Advisors has arranged the pre-sales of two new properties leased by 7-Eleven in Indio and Perris, CA. Two separate private investors purchased the new buildings, slated to open in the 2nd quarter of 2023, for a combined $10.15 million.

“We generated multiple qualified offers and procured two Southern California-based 1031 exchange buyers, achieving record pricing,” said Hanley Investment Group’s Bill Asher who, along with Jeff Lefko, represented the sellers, TSC Perris and TSC Indio Golf Center. “7-Eleven is one of the most sought-after single-tenant investments across the country in today’s market.”

The Indio property is located on Golf Center Parkway, and consists of a 3,500-square-foot store and gas station on a 1.03-acre parcel and sold for $5.15 million. The Perris property is located on Perris Boulevard and consists of a 3,000-square-foot store and gas station on a 0.98-acre parcel and sold for $5 million.

Lee & Associates’ Rick Lazar and Dayanim Real Estate’s Pooya Dayanim represented the buyers.

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Inside The Story

Hanley Investment Group's Bill AsherLee & Associates

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.

  • ◦Sale/Acquisition
  • ◦Development
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