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Hanley Investment Group Sells Over 68,000 Square Feet of Retail in Hemet, Calif. for $7 Million

July 31, 2013

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IRVINE, CA – July 31, 2013 – (RealEstateRama) — Hanley Investment Group Real Estate Advisors, one of the most dominant retail investment groups in the western United States and a market leader in the sale of retail properties, announced today that the company negotiated the sale of more than 68,000 square feet of retail space in Hemet, Calif., totaling more than $7 million, with the sale of Diamond Valley Plaza and FedEx Plaza.<span id="more-2622"></span></p> <p>Eric P. Wohl, senior vice president of Hanley Investment Group, represented the buyer and seller in the sale of Diamond Valley Plaza, located at 1109-1287 South State Street in Hemet, Calif. The neighborhood shopping center is 58,034 square feet and situated on 5.14 acres. The property is anchored by Sprouts Farmers Market (not a part of the sale), Big Cheese Pizza and Crunch Fitness. The center was built in 1974, and remodeled in 2009. The purchase price was $5,850,000, translating into $101 per square foot. The buyer was Time Equities Inc. of New York, NY. The seller was a private investment company based in Newport Beach, Calif.</p> <p>“The purchase of Diamond Valley Plaza gave the buyer a unique opportunity to purchase a recently remodeled, 92% occupied, grocery-anchored retail center for $101 per square foot in Southern California, which is well below replacement cost,” said Wohl.</p> <p>“The Hemet market was hit very hard during the downturn in 2009-2011, but retail leasing interest has picked up dramatically in the past 12 months, which has helped get Diamond Valley Plaza to 92% occupancy with a strong tenant mix.”</p> <p>In the second transaction, Hanley Investment Group’s Senior Vice President Kevin T. Fryman and Senior Associate Lee T. Csenar of Hanley Investment Group represented the seller in the sale of FedEx Plaza in Hemet. FedEx Plaza is located at 3000 West Florida Avenue in Hemet, Calif. The multi-tenant strip center is 10,567 square feet and situated on 1.09 acres. The center was remodeled in 2008, and is leased to 100% national credit tenants: ColorTyme, FedEx Office and Hanger Prosthetics. The center was 84% occupied at the time of sale. The purchase price was $1,170,000. The buyer, a private investor from Anaheim, Calif., was represented by Shaun Riley of Faris Lee Investments in Irvine, Calif. The seller was Columbus Pacific Properties of Santa Monica, Calif.</p> <p>“FedEx Plaza represented a unique opportunity to purchase the leasehold interest in the building with the fixed options to purchase the land throughout the remaining term. The buyer owns multiple retail properties in the City of Hemet including adjacent parcels to FedEx Plaza,” said Csenar.</p> <p>Fryman adds, “We were able to procure multiple offers due to the new construction, corporate tenant mix including FedEx, ColorTyme and Hanger Prosthetics, and the upside to lease the remaining 16% vacancy.”</p> <p><strong>About Hanley Investment Group Real Estate Advisors</strong></p> <p>Built on a solid foundation of performance, integrity and dedication, Hanley Investment Group Real Estate Advisors is a boutique retail investment brokerage firm with a three billion dollar transaction track record that is comprised of innovative specialists delivering unparalleled service and superior results that consistently exceed client expectations. Hanley Investment Group’s expertise, commitment and unwavering focus of putting the client’s needs first have continued to set the company apart in the industry. Hanley Investment Group works closely with individual investors, developers, and institutional property owners in every facet of the transaction to insure that the highest value is achieved. Clients rely on Hanley Investment Group to be the most knowledgeable and trusted source for valuation services, market information and retail property acquisitions and dispositions. For more information, visit the Company’s website at <a href="http://www.hanleyinvestment.com" target="_blank">www.hanleyinvestment.com</a> or call (949) 585-7610.<br />+</p>  <script async src="//pagead2.googlesyndication.com/pagead/js/adsbygoogle.js"></script><div class="td-g-rec td-g-rec-id-content_bottom"> <script type="text/javascript"> var td_screen_width = document.body.clientWidth; if ( td_screen_width >= 1024 ) { /* large monitors */ document.write('<ins class="adsbygoogle" style="display:inline-block;width:468px;height:60px" data-ad-client="ca-pub-4765318478912403" data-ad-slot="5509231618"></ins>'); (adsbygoogle = window.adsbygoogle || []).push({}); } if ( td_screen_width >= 768 && td_screen_width < 1024 ) { /* portrait tablets */ document.write('<ins class="adsbygoogle" style="display:inline-block;width:468px;height:60px" data-ad-client="ca-pub-4765318478912403" data-ad-slot="5509231618"></ins>'); (adsbygoogle = window.adsbygoogle || []).push({}); } if ( td_screen_width < 768 ) { /* Phones */ document.write('<ins class="adsbygoogle" style="display:inline-block;width:300px;height:250px" data-ad-client="ca-pub-4765318478912403" data-ad-slot="5509231618"></ins>'); 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Our expertise, proven track record, and unwavering dedication to putting clients' needs first, sets us apart in the industry. </p> <p>Hanley Investment Group creates value by delivering exceptional results through the use of property-specific marketing strategies, cutting-edge technology, and local market knowledge. Our nationwide relationships with investors, developers, institutions, franchisees, brokers, and 1031 exchange buyers are unparalleled in the industry, translating into maximum exposure and pricing for each property. With unmatched service, Hanley Investment Group has redefined the experience of selling retail investment properties. </p> <p>Contact:<br /> Phone: (949) 585-7610</p> </div><div class="td-author-social"><span class="td-social-icon-wrap"><a target="_blank" href="https://www.facebook.com/HanleyInvestmentGroup" title="Facebook"><i class="td-icon-font td-icon-facebook"></i></a></span><span class="td-social-icon-wrap"><a target="_blank" href="https://www.linkedin.com/company/hanley-investment-group---real-estate-advisors" title="Linkedin"><i class="td-icon-font td-icon-linkedin"></i></a></span><span class="td-social-icon-wrap"><a target="_blank" href="http://hanleyinvestmentgroup.com/contact/" title="Mail"><i class="td-icon-font td-icon-mail-1"></i></a></span><span class="td-social-icon-wrap"><a target="_blank" href="https://twitter.com/HanleyInvest" title="Twitter"><i class="td-icon-font td-icon-twitter"></i></a></span></div><div class="clearfix"></div></div></div> <span style="display: none;" itemprop="author" itemscope itemtype="https://schema.org/Person"><meta itemprop="name" content="Hanley Investment Group"></span><meta itemprop="datePublished" content="2013-07-31T05:02:38+00:00"><meta itemprop="dateModified" content="2016-03-10T11:23:38-07:00"><meta itemscope itemprop="mainEntityOfPage" itemType="https://schema.org/WebPage" itemid="https://california.realestaterama.com/hanley-investment-group-sells-over-68000-square-feet-of-retail-in-hemet-calif-for-7-million-ID02622.html"/><span style="display: none;" itemprop="publisher" itemscope itemtype="https://schema.org/Organization"><span style="display: none;" itemprop="logo" itemscope itemtype="https://schema.org/ImageObject"><meta itemprop="url" content="https://alabama.realestaterama.com/logo_rer-272-90.png"></span><meta itemprop="name" content="California RealEstateRama"></span><meta itemprop="headline " content="Hanley Investment Group Sells Over 68,000 Square Feet of Retail in Hemet, Calif. for $7 Million"><span style="display: none;" itemprop="image" itemscope itemtype="https://schema.org/ImageObject"><meta itemprop="url" content="https://california.realestaterama.com/wp-content/themes/Newsmag/images/no-thumb/td_meta_replacement.png"><meta itemprop="width" content="1068"><meta itemprop="height" content="580"></span> </footer> </article>  </div> </div> <div class="td-pb-span4 td-main-sidebar" role="complementary"> <div class="td-ss-main-sidebar"> <div class="td_block_wrap td_block_authors td_block_widget td_block_id_2178141607 td_uid_1_6767f645204dd_rand td_top_authors td-pb-border-top"><h4 class="block-title"><span>Author: Hanley Investment Group</span></h4><div class="td_mod_wrap td-pb-padding-side"><a href="https://california.realestaterama.com/author/hanleyinvestment"><img src="https://california.realestaterama.com/files/2016/08/HanleyInvestment.jpg" width="62" height="61" alt="Hanley Investment Group" class="avatar avatar-70 wp-user-avatar wp-user-avatar-70 alignnone photo" /></a><div class="item-details"><div class="td-authors-name"><a href="https://california.realestaterama.com/author/hanleyinvestment">Hanley Investment Group</a></div><span class="td-author-post-count">59 Press Releases</span><div class="td-authors-url"><a href="https://california.realestaterama.com/author/hanleyinvestment">http://www.hanleyinvestment.com/</a></div></div></div></div><aside class="widget widget_text"><div class="block-title"><span>Hanley Investment Group</span></div> <div class="textwidget"><a href="http://www.hanleyinvestment.com" rel="attachment wp-att-9801"><img src="http://california.realestaterama.com/files/2017/11/HanleyInvestment.jpg" alt="Hanley Investment Group" width="332" height="58" class="alignright size-full wp-image-9801" /></a></div> </aside><aside class="widget widget_text"><div class="block-title"><span>PR Agency: Monaghan Communications</span></div> <div class="textwidget"><a href=""http://monaghanpr.com/" rel="attachment wp-att-9802"><img src="http://california.realestaterama.com/files/2017/11/Monaghan-Communications.jpg" alt="Monaghan Communications" width="293" height="144" class="aligncenter size-full wp-image-9802" /></a></div> </aside><aside class="widget widget_text"><div class="block-title"><span>Real Estate Research Center</span></div> <div class="textwidget"><table style="width:100%"> <tr> <td bgcolor="#1166D9" style="padding: 2px 2px 2px 5px;"><strong><span style="color: #ffffff; font-size: 12px;">Hanley Investment Group</span></strong></td> </tr> <tr> <td style="text-align: center; padding: 5px 2px 6px 5px;" bgcolor="#F9F9F9" ><strong>Search Hanley Investment Group:</strong><br></td> </tr><tr> <td style="text-align: center;" bgcolor="#F9F9F9"><strong><a href="http://www.ifossicker.com/realestaterama/search-hanleyinvestmentgroup" target="_blank" rel="noopener noreferrer">WebSite - in News - in Social - in Web</a></strong></td></tr> </table><br></div> </aside><script>var block_td_uid_2_6767f6452a803 = new tdBlock(); block_td_uid_2_6767f6452a803.id = "td_uid_2_6767f6452a803"; block_td_uid_2_6767f6452a803.atts = '{"custom_title":"Random Hanley Investment Group Press Releases","custom_url":"","header_text_color":"#","header_color":"#","border_top":"","color_preset":"","post_ids":"","category_id":"","category_ids":"","tag_slug":"","autors_id":"1211","installed_post_types":"","sort":"random_posts","limit":"5","offset":"","td_ajax_filter_type":"","td_ajax_filter_ids":"","td_filter_default_txt":"All","td_ajax_preloading":"","ajax_pagination":"","ajax_pagination_infinite_stop":"","class":"td_block_widget td_block_id_584396299 td_uid_2_6767f6452a803_rand"}'; block_td_uid_2_6767f6452a803.td_column_number = "1"; block_td_uid_2_6767f6452a803.block_type = "td_block_1"; block_td_uid_2_6767f6452a803.post_count = "5"; block_td_uid_2_6767f6452a803.found_posts = "59"; block_td_uid_2_6767f6452a803.header_color = "#"; block_td_uid_2_6767f6452a803.ajax_pagination_infinite_stop = ""; block_td_uid_2_6767f6452a803.max_num_pages = "12"; tdBlocksArray.push(block_td_uid_2_6767f6452a803); </script><div class="td_block_wrap td_block_1 td_block_widget td_block_id_584396299 td_uid_2_6767f6452a803_rand td_with_ajax_pagination td-pb-border-top"><h4 class="block-title"><span>Random Hanley Investment Group Press Releases</span></h4><div id=td_uid_2_6767f6452a803 class="td_block_inner"> <div class="td-block-span12"> <div class="td_module_4 td_module_wrap td-animation-stack td_module_no_thumb"> <div class="td-module-image"> </div> <h3 class="entry-title td-module-title"><a href="https://california.realestaterama.com/hanley-investment-group-sells-multi-tenant-strip-center-in-henderson-nev-for-2-4-million-ID02478.html" rel="bookmark" title="Hanley Investment Group Sells Multi-Tenant Strip Center in Henderson, Nev. for $2.4 Million">Hanley Investment Group Sells Multi-Tenant Strip Center in Henderson, Nev. for...</a></h3> <div class="meta-info"> <div class="td-post-author-name"> <span>- </span> <a href="https://california.realestaterama.com/author/hanleyinvestment">Hanley Investment Group</a> <span>- </span> </div> <div class="td-post-date"><time class="entry-date updated td-module-date" datetime="2013-04-30T14:01:39+00:00" >April 30, 2013</time></div> </div> <div class="td-excerpt"> IRVINE, CA - April 30, 2013 - (RealEstateRama) -- Hanley Investment Group Real Estate Advisors, one of the most dominant retail investment groups in the western United States and a market leader in the sale of retail properties, announced today that Carlos Lopez represented the seller in the sale of Cornet Plaza, a 26,538-square-foot REO multi-tenant strip center in Henderson, Nev. The purchase price was $2,400,000, which represents $90 per square foot </div> </div> </div>  <div class="td-block-span12"> <div class="td_module_6 td_module_wrap td-animation-stack td_module_no_thumb"> <div class="item-details"> <h3 class="entry-title td-module-title"><a href="https://california.realestaterama.com/hanley-investment-group-arranges-sale-of-single-tenant-nnn-del-taco-in-los-angeles-for-1400-psf-ID07774.html" rel="bookmark" title="Hanley Investment Group Arranges Sale of Single-Tenant NNN Del Taco in Los Angeles for $1,400 PSF">Hanley Investment Group Arranges Sale of Single-Tenant NNN Del Taco in...</a></h3> <div class="meta-info"> <div class="td-post-author-name"> <span>- </span> <a href="https://california.realestaterama.com/author/hanleyinvestment">Hanley Investment Group</a> <span>- </span> </div> <div class="td-post-date"><time class="entry-date updated td-module-date" datetime="2016-05-03T11:57:42+00:00" >May 3, 2016</time></div> </div> </div> </div> </div>  <div 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class="entry-title td-module-title"><a href="https://california.realestaterama.com/hanley-investment-group-sells-el-super-anchored-shopping-center-in-pomona-calif-for-14-million-ID02531.html" rel="bookmark" title="Hanley Investment Group Sells El Super Anchored Shopping Center in Pomona, Calif. for $14 Million">Hanley Investment Group Sells El Super Anchored Shopping Center in Pomona,...</a></h3> <div class="meta-info"> <div class="td-post-author-name"> <span>- </span> <a href="https://california.realestaterama.com/author/hanleyinvestment">Hanley Investment Group</a> <span>- </span> </div> <div class="td-post-date"><time class="entry-date updated td-module-date" datetime="2013-05-28T06:33:00+00:00" >May 28, 2013</time></div> </div> </div> </div> </div> </div></div> <script>var block_td_uid_3_6767f6452c548 = new tdBlock(); block_td_uid_3_6767f6452c548.id = "td_uid_3_6767f6452c548"; block_td_uid_3_6767f6452c548.atts = '{"custom_title":"Recent Hanley Investment Group Press 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class="td-post-date"><time class="entry-date updated td-module-date" datetime="2018-03-01T10:46:42+00:00" >March 1, 2018</time></div> </div> <div class="td-excerpt"> Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that the firm has completed the sale of two brand-new construction single-tenant corporate Starbucks in separate transactions in Southern California. </div> </div> </div>  <div class="td-block-span12"> <div class="td_module_6 td_module_wrap td-animation-stack"> <div class="td-module-thumb"><a href="https://california.realestaterama.com/hanley-investment-group-raises-over-30000-mo-money-to-help-mo-bros-fight-cancer-by-growing-one-mustache-at-a-time-ID09827.html" rel="bookmark" title="Hanley Investment Group Raises Over $30,000 Mo’ Money to Help Mo’ Bros Fight Cancer, By Growing One Mustache at a Time"><img width="100" height="75" class="entry-thumb" 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datetime="2017-12-09T01:59:41+00:00" >December 9, 2017</time></div> </div> </div> </div> </div>  <div class="td-block-span12"> <div class="td_module_6 td_module_wrap td-animation-stack"> <div class="td-module-thumb"><a href="https://california.realestaterama.com/hanley-investment-group-arranges-sale-of-single-tenant-nnn-planet-fitness-in-st-louis-metro-area-ID09804.html" rel="bookmark" title="Hanley Investment Group Arranges Sale of Single-Tenant NNN Planet Fitness in St. Louis Metro Area"><img width="100" height="75" class="entry-thumb" src="https://california.realestaterama.com/files/2017/11/Planet-Fitness-100x75.jpg" alt="Planet Fitness" title="Hanley Investment Group Arranges Sale of Single-Tenant NNN Planet Fitness in St. Louis Metro Area"/></a></div> <div class="item-details"> <h3 class="entry-title td-module-title"><a href="https://california.realestaterama.com/hanley-investment-group-arranges-sale-of-single-tenant-nnn-planet-fitness-in-st-louis-metro-area-ID09804.html" rel="bookmark" title="Hanley Investment Group Arranges Sale of Single-Tenant NNN Planet Fitness in St. Louis Metro Area">Hanley Investment Group Arranges Sale of Single-Tenant NNN Planet Fitness in...</a></h3> <div class="meta-info"> <div class="td-post-author-name"> <span>- </span> <a href="https://california.realestaterama.com/author/hanleyinvestment">Hanley Investment Group</a> <span>- </span> </div> <div class="td-post-date"><time class="entry-date updated td-module-date" datetime="2017-11-20T22:19:05+00:00" >November 20, 2017</time></div> </div> </div> </div> </div>  <div class="td-block-span12"> <div class="td_module_6 td_module_wrap td-animation-stack td_module_no_thumb"> <div class="item-details"> <h3 class="entry-title td-module-title"><a href="https://california.realestaterama.com/hanley-investment-group-completes-sale-of-lancaster-triangle-in-los-angeles-county-for-5-75-million-ID09797.html" rel="bookmark" title="Hanley Investment Group Completes Sale of Lancaster Triangle in Los Angeles County for $5.75 Million">Hanley Investment Group Completes Sale of Lancaster Triangle in Los Angeles...</a></h3> <div class="meta-info"> <div class="td-post-author-name"> <span>- </span> <a href="https://california.realestaterama.com/author/hanleyinvestment">Hanley Investment Group</a> <span>- </span> </div> <div class="td-post-date"><time class="entry-date updated td-module-date" datetime="2017-11-19T00:56:19+00:00" >November 19, 2017</time></div> </div> </div> </div> </div>  <div class="td-block-span12"> <div class="td_module_6 td_module_wrap td-animation-stack"> <div class="td-module-thumb"><a href="https://california.realestaterama.com/hanley-investment-group-represents-buyer-seller-in-sale-of-cvspharmacy-anchored-shopping-center-in-metro-los-angeles-for-15520000-ID09745.html" rel="bookmark" title="Hanley Investment Group Represents Buyer & Seller in Sale of CVS/pharmacy-Anchored Shopping Center in Metro Los Angeles for $15,520,000"><img width="100" height="75" 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class="td-post-date"><time class="entry-date updated td-module-date" datetime="2017-09-07T03:23:44+00:00" >September 7, 2017</time></div> </div> </div> </div> </div> </div></div>  </div> </div> </div>  </div> </div>    <div class="td-sub-footer-container td-container td-container-border "> <div class="td-pb-row"> <div class="td-pb-span4 td-sub-footer-copy"> <div class="td-pb-padding-side"> © 2008-2020, RealEstateRama. </div> </div> <div class="td-pb-span8 td-sub-footer-menu"> <div class="td-pb-padding-side"> <div class="menu-footer-menu-container"><ul id="menu-footer-menu" class=""><li id="menu-item-8106" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-first td-menu-item td-normal-menu menu-item-8106"><a href="https://www.realestaterama.com/tos">Terms</a></li> <li id="menu-item-8107" class="menu-item menu-item-type-custom menu-item-object-custom td-menu-item td-normal-menu menu-item-8107"><a href="https://www.realestaterama.com/privacy">Privacy</a></li> 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