California

Palmdale, Calif. — SRS Real Estate has negotiated the $4.4 million sale of a single-tenant restaurant property located in the Southern California city of Palmdale. Chipotle will occupy the 2,325-square-foot building on a 15-year absolute triple-net corporate guaranteed lease. The newly constructed property is expected to open on June 4. Calvin Short and Jeff Christian of First Street Inc. represented the seller, Phoenix-based First Street Development, in the transaction. The buyer was a Los Angeles-based private 1031 exchange investor.

West Sacramento, Calif. — CBRE has arranged the $6.2 million sale of Harbor Central, a 22,198-square-foot neighborhood center located in West Sacramento. A subsidiary of CJ Park & Associates acquired the property from an entity doing business as Harbor Corners LLC for $6.2 million. Randy Getz and Rick Martinez of CBRE represented the seller in the deal. Situated at 805-831 Harbor Blvd., Harbor Central was built in 1992 on 1.7 acres. Current tenants include Vista Paint, Domino’s Pizza, Subway and Raku Sushi.

Madera, Calif. — Hanley Investment Group Real Estate Advisors has negotiated the $12.2 million sale of a newly constructed, single-tenant retail property located in the San Joaquin Valley city of Madera. The property spans 4,644 square feet and is occupied by a 7-Eleven convenience store and gas station, with commercial diesel fueling lanes. This transaction marks the highest‑priced, single‑tenant 7‑Eleven property ever sold in California and the first and only 7‑Eleven location in the city, according to Hanley. Sean Cox and Bill Asher of Hanley Investment Group Real Estate Advisors represented …