Valley News -

Hanley Investment Group completes sale of single-tenant LA Fitness in Temecula for $13 Million, 6.13 Percent Cap Rate

 

Last updated 12/20/2018 at 11:36pm

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Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in retail property sales, has arranged the sale of a single-tenant net-lease investment occupied by LA Fitness in Temecula.

TEMECULA – Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in retail property sales, has arranged the sale of a single-tenant net-lease investment occupied by LA Fitness in Temecula. The property is positioned at the major intersection of Temecula Parkway Route 79 South and Interstate-15, the first major thoroughfare for traffic entering the Temecula Valley from the south. The sale price was $13 million, representing a cap rate of 6.13 percent.

Hanley Investment Group Senior Associate Austin Blodgett and Executive...



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