Hanley Investment Group Real Estate Advisors has completed four separate investment sales of retail pad and strip center assets across Southern California on behalf of a private seller based in Orange County. The portfolio, which was marketed and sold as individual transactions under a deliberate break-up strategy, achieved a combined sales consideration of more than $32 million. Each property was positioned and taken to market separately to highlight its specific attributes and buyer profile.
Executive vice president Kevin Fryman and president Ed Hanley of Hanley Investment Group represented the Orange County private investor in all four dispositions. The assignments included a five-tenant pad building at 745 S. Main St. in Orange that closed at $9.78 million. In Murrieta, the team completed the sale of two retail pad sites at 39028–39196 Winchester Rd. for $8.12 million.
The sales program also featured a multi-building neighborhood strip center along East Route 66 in Glendora. Located at 1031–1063 East Route 66, that asset traded for $5.85 million. Rounding out the series of transactions was a 12,564-square-foot retail pad building at 1820 N. Perris Blvd. in Perris, which sold for $8.28 million. While the seller was consistent across the portfolio, each property was sold to a different buyer, allowing pricing to be calibrated to market demand and individual asset characteristics.
Fryman noted that the four closings underscore the continued depth of private-capital interest in well-located retail pads and neighborhood-focused strip centers across Southern California. According to Hanley, structuring the portfolio as stand-alone offerings rather than a single bulk transaction enabled the brokerage team to market each asset on its own merits, attract a broader buyer pool and create competitive bidding conditions.
The broker added that this approach contributed to what he described as premium pricing outcomes for the seller. The results indicate that smaller-format retail assets with established locations remain a target for private investors, even amid evolving capital markets dynamics. The transactions also illustrate how sellers of multi-asset retail holdings may be able to unlock additional value through a break-up sales strategy that aligns individual assets with the most motivated capital for that specific location and format.
