Brendan Tyoran And Jake Linsky Of Matthews Represent Buyer In $6.9M Retail Sale In Murrieta

The transaction involves the sale of two single-tenant retail pads located at 40640 California Oaks Road and 40642 California Oaks Road in Murrieta, CA. The sale price reached $6,900,000, with a total area of 6,109 square feet, resulting in a price per square foot of $1,129.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $6,900,000
• Square Footage: 6,109 SF
• Price per Square Foot: $1,129
• Address: 40640 California Oaks Road & 40642 California Oaks Road
• Market: Murrieta
• Buyer's Representative: Brendan Tyoran & Jake Linsky - Matthews
• Seller's Representative: Sean Cox & Bill Asher - Hanley Investment Group

Hanley Investment Group facilitated the transaction, catering to a 1031 exchange investor from California’s Central Valley. The properties feature a 4,126 SF Quick Quack Car Wash and a 1,983 SF Popeyes, both on long-term absolute triple-net ground leases with scheduled rental increases.