Hanley Investment Group Real Estate Advisors and Oaks Commercial Real Estate arranged the sale of a 4,767-square-foot multi-tenant retail pad property anchored by a Starbucks Drive-Thru in Diamond Bar. The sale price was $4.57 million.
EVPs Bill Asher and Jeff Lefko of Hanley, in association with Fred Encinas of Oaks Commercial Real Estate in Eastvale, represented the seller, a private partnership based in Las Vegas. The buyer, a private, non-exchange investor from Los Angeles, was represented by Arman Mahmoodi of BeachRock Group, Inc. at Keller Williams in Beverly Hills.
“We generated over 10 qualified and competitive offers within the first month of marketing and secured a Southern California-based private buyer who owned similar Starbucks investments at 98% of the listed price,” Asher said.
Built in 2016 on a 0.70-acre lot, the Starbucks-anchored building is located at 22438 Golden Springs Dr. in Diamond Bar.
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