Hanley Investment Arranges Sales of Six Retail Pads in California for $29.5 Million

The fully occupied properties at Perris Marketplace in Perris, California, total 39,000 square feet and consist of three multi-tenant pad buildings and three single-tenant fast-food pad restaurants. The fully occupied properties at Perris Marketplace in Perris, California, total 39,000 square feet and consist of three multi-tenant pad buildings and three single-tenant fast-food pad restaurants.

Perris, Calif. — Hanley Investment Group Real Estate Advisors has arranged the sales of six retail pads at Perris Marketplace in separate transactions.

The combined sales price for the six pads was approximately $29.5 million. The plaza is located in the Los Angeles suburb of Perris. The fully occupied properties total 39,000 square feet and consist of three multi-tenant pad buildings and three single-tenant fast-food pad restaurants. Walmart Supercenter anchors the 225,000-square-foot shopping center. Additional tenants include America’s Best Contacts and Eyeglasses, Chipotle Mexican Grill, Dickey’s BBQ, Great Clips, Jamba Juice, Jimmy John’s Gourmet Sandwiches, Pacific Dental, Panda Express, Pieology, Popeye’s, Sally Beauty, Starbucks Coffee, T-Mobile, Verizon Wireless, Waba Grill, Wendy’s and Yogurtland. Bill Asher and Jeff Lefko of Hanley Investment Group represented the seller, Evergreen and Trachman Indevco, in the deal. The names of the buyers were not disclosed.

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