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Hanley Investment Group Arranges $2.7M Sale of Starbucks-Occupied Retail Property in Moreno Valley, California
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Hanley Investment Group Arranges $2.7M Sale of Starbucks-Occupied Retail Property in Moreno Valley, California
MORENO VALLEY, CALIF. — Hanley Investment Group Real Estate Advisors has brokered the sale of a single-tenant retail property at 22350 Cactus Ave. in Moreno Valley. Glendale, Calif.-based Chase Partners sold the asset to an Orange County, Calif.-based private investor for $2.7 million, or $1,817 per square foot. Starbucks Coffee occupies the 1,500-square-foot property, which includes a drive-thru. Bill Asher and Jeff Lefko of Hanley Investment G…
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