Hanley Investment Group announces the sale of Chili’s Grill & Bar at Lake Elsinore Marketplace for $2.6 million to a private investor from Orange County. Valley News/Courtesy photo
LAKE ELSINORE – Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in retail property sales, announced recently that the firm has arranged the sale of a single-tenant Chili’s Grill & Bar at Lake Elsinore Marketplace. The 144,034-square-foot shopping center is anchored by Costco, Lowe’s, Grocery Outlet, PetSmart and Dollar Tree.The sale price was $2,608,000, representing a 5% cap rate. Hanley Investment Group sold $383 million in retail properties in the Inland Empire in the last 36 months, including nine retail properties at Lake Elsinore Marketplace valued at $24 million in the last 15 months.Hanley Investment Group executive vice presidents, Kevin Fryman and Bill Asher, represented the seller, Pacif
