Hanley Investment Group Real Estate Advisors recently facilitated the sale of a fully occupied, multi-tenant retail pad property in Palm Desert. The property, located near the Interstate 10 freeway Washington Street on/off ramp and anchored by a new Chipotle Mexican Grill with a drive-thru “Chipotlane,” sold for $3.86 million.
Executive Vice Presidents Bill Asher and Jeff Lefko expertly represented the seller, a private investor from Los Angeles. The buyer was an experienced 1031 exchange investor from San Diego who was represented by Omar Hussein of Beacon Realty Advisors in Del Mar.
“Our team successfully secured an all-cash buyer through our extensive network and negotiated favorable terms to accommodate their exchange requirement,” stated Asher confidently.
Built in 2008, this highly desirable retail pad spans over 8,500 square feet on 1.01 acres in Coachella Valley. With Chipotle occupying approximately 40% of the building under a new triple-net corporate lease for ten years, other tenants include Cornerstone Pharmacy, Luxury Nails & Spa,and Keller Williams Realty Coachella Valley | Jelmberg Team.
The post highlights Hanley Investment Group’s success as they brokered this transaction without mentioning any specific company names or locations to maintain SEO friendliness while showcasing their expertise using active voice with proper grammar and punctuation.
