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Santa Barbara, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $3.7 million sale of a single-tenant retail property located at 402 N. Milpas St. in Santa Barbara. Starbucks Coffee occupies the 2,149-square-foot building, which opened in April, and features the company’s new café-only prototype design. Sean Cox and Bill Asher of Hanley Investment Group represented the seller, a Los Angeles-based developer, while the buyer, a San Francisco-based 1031 exchange investor, represented itself.