Hanley Investment Group Arranges $6.34M Sale Of Retail Property In Palm Desert

A 1.18-acre retail property located at 3120 Dinah Shore Drive in Palm Desert, California, has been sold for a total price of $6,340,000. The property is a multi-tenant retail pad building spanning 8,370 square feet. The sale was arranged by Hanley Investment Group, a brokerage firm.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $6,340,000
• Address: 3120 Dinah Shore Drive, Palm Desert, California
• Market: Palm Desert
• Asset Size: 1.18 acres

The seller of the property is Fountainhead Development, represented by Craig Smith, while the buyer is a private investor from Los Angeles. The buyer was represented by Yoram Katz of Peak Commercial during the transaction.

Hanley Investment Group, in collaboration with Bill Asher and Jeff Lefko, handled the brokerage duties for the sale. The 100% leased retail property attracted a private investor from Los Angeles, who recognized the potential of this property in Palm Desert.