LAKE ELSINORE – Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in retail property sales, announced that the firm has arranged the sale of a multi-tenant retail building at Lake Elsinore Marketplace, a 144,034-square-foot shopping center anchored by Costco, Lowe’s, Grocery Outlet, PetSmart and Dollar Tree. The sale price was $3,770,000.
Kevin Fryman and Bill Asher, executive vice presidents of Hanley Investment Group, represented the seller, Pacific Castle, which is based in Irvine. The buyer was a private investor from Torrance.
Built in 2006 on 0.77 acres, the 7,203-square-foot pad building is located at 29261 Central Avenue in Lake Elsinore and is 100% leased to four internet-resistant tenants – Na