Julia Sanders

La Palma, Redondo Beach, El Cajon, Rosamond and Modesto, Calif. — Hanley Investment Group Real Estate Advisors has arranged the sale of five single-tenant retail properties net leased to Starbucks Coffee in La Palma, Redondo Beach, El Cajon, Rosamond and Modesto. The properties were sold in five separate transactions for a combined value of $21.1 million. Bill Asher, Jeremy McChesney and Jeff Lefko of Hanley Investment Group represented the sellers of the La Palma and Redondo Beach properties. Asher and Lefko represented the sellers of the El Cajon, Rosamond and …

El Cajon, Calif. — Brixton Capital has completed the disposition of Fletcher Marketplace, a retail strip center situated on 1.9 acres at 110 Fletcher Parkway in El Cajon. A private investor acquired the asset for $11.4 million. Built in 2020, the two-building, 11,996-square-foot Fletcher Marketplace is triple-net leased to five tenants, including Mattress Firm, Dave’s Hot Chicken, The Joint Chiropractic, Urbane Café and California Fish Grill. Gleb Lvovich and Daniel Tyner of JLL Retail Capital represented the seller in the deal. Don Moser of Retail Insite provided local market support.

Baldwin Park, Calif. — JLL Capital Markets has arranged the $4.7 million sale of a single-tenant retail pad totaling 4,068 square feet in Baldwin Park. Adam Friedlander of JLL represented the seller, Paragon Commercial Group. A private buyer acquired the property. Located at 13602 Francisquito Ave., the retail property is an outparcel to Sierra Shopping Center, which is anchored by Target and Food 4 Less. Built in 2020, the property has Raising Cane’s Restaurant LLC as a tenant under a 15-year triple-net lease.