Hanley Investment Arranges $8.5M Sale of Smart & Final Extra!-Occupied Property in Murrieta

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REBusinessOnline

Hanley Investment Group Real Estate Advisors has negotiated the sale of a single-tenant, retail property located in Murrieta. A San Diego-based private partnership sold the building to Los Angeles-based Anza Drive Properties to $8.5 million.

Smart & Final Extra! occupies the 20,750-square-foot property, which is situated at the intersection of Madison Avenue and Los Alamos Road, on a net-lease basis. The building was built in 2003.

Bill Asher and Jeff Lefko of Hanley Investment Group represented the seller, while Kris Hons of Glendale, Calif.-based Stevenson Real Estate Services represented the buyer in the transaction.