4
Yucaipa, Calif. — Hanley Investment Group Real Estate Advisors has negotiated the $3.6 million sale of a single-tenant retail property located in Yucaipa, roughly 10 miles east of San Bernardino. Still under construction, the 4,088-square-foot building will be occupied by a 7-Eleven convenience store on a 15-year corporate lease. The retail property is situated within a Stater Bros.-anchored shopping center. Bill Asher and Jeff Lefko of Hanley, along with Jeff Stanley of Lee & Associates, represented the seller, Evergreen Devco, in the transaction. John Hans of Colliers represented the 1031 exchange buyer, a private investor from San Luis Obispo County.