Hanley Investment Group Arranges $4.9 Million Sale of Single-Tenant Retail Property in Orange County

by Julia Sanders

Foothill Ranch, Calif. — Hanley Investment Group has arranged the $4.9 million sale of a single-tenant, net-leased retail property occupied by Michaels in South Orange County. The Michaels store is located within Foothill Ranch Towne Centre in Foothill Ranch. Eric Wohl and CJ Kiehler of Hanley represented the sellers, two separate family trusts based in Nevada and Southern California. Lee & Associates represented the buyer, a private investor based in Orange County. The 25,000-square-foot building was constructed in 1994 and is a junior anchor at the center. Michaels’ neighboring tenants include Target, Walmart Supercenter and Hobby Lobby.

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