Hanley Investment Group Real Estate Advisors has arranged the pre-sales of two new properties leased by 7-Eleven in Indio and Perris, CA. Two separate private investors purchased the new buildings, slated to open in the 2nd quarter of 2023, for a combined $10.15 million.
“We generated multiple qualified offers and procured two Southern California-based 1031 exchange buyers, achieving record pricing,” said Hanley Investment Group’s Bill Asher who, along with Jeff Lefko, represented the sellers, TSC Perris and TSC Indio Golf Center. “7-Eleven is one of the most sought-after single-tenant investments across the country in today’s market.”
The Indio property is located on Golf Center Parkway, and consists of a 3,500-square-foot store and gas station on a 1.03-acre parcel and sold for $5.15 million. The Perris property is located on Perris Boulevard and consists of a 3,000-square-foot store and gas station on a 0.98-acre parcel and sold for $5 million.
Lee & Associates’ Rick Lazar and Dayanim Real Estate’s Pooya Dayanim represented the buyers.