{"id":1004382539,"date":"2020-01-16T05:15:09","date_gmt":"2020-01-16T13:15:09","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004382539"},"modified":"2025-02-27T21:50:16","modified_gmt":"2025-02-28T05:50:16","slug":"hanley-investment-arranges-record-sale-in-inland-empire","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hanley-investment-arranges-record-sale-in-inland-empire\/","title":{"rendered":"Hanley Investment Arranges Record Sale in the Inland Empire"},"content":{"rendered":"<div id=\"attachment_1004382560\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/Yucaipa-e1579101559943.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004382560\" data-attachment-id=\"1004382560\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/hanley-investment-arranges-record-sale-in-inland-empire\/yucaipa\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/Yucaipa-e1579101559943.jpg\" data-orig-size=\"797,597\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"In-N-Out Burger and Corky\u2019s Kitchen &#038; Bakery, Yucaipa\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;In-N-Out Burger and Corky\u2019s Kitchen &#038; Bakery, Yucaipa&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/Yucaipa-e1579101559943.jpg?w=797\" class=\"wp-image-1004382560 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/Yucaipa-e1579101559943.jpg\" alt=\"In-N-Out Burger and Corky\u2019s Kitchen &amp; Bakery, Yucaipa\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/Yucaipa-e1579101559943.jpg 797w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/Yucaipa-e1579101559943.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/Yucaipa-e1579101559943.jpg?resize=768,575 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004382560\" class=\"wp-caption-text\">In-N-Out Burger and Corky\u2019s Kitchen &amp; Bakery. <em>Image courtesy of Hanley Investment Group<\/em><\/p><\/div>\n<p>Hanley Investment Group Real Estate Advisors has brokered the sale of a two-building, 8,367-square-foot retail asset occupied by In-N-Out Burger and Corky\u2019s Kitchen &amp; Bakery in Yucaipa, Calif. The property traded for $8 million or $956 per square foot, at a 4.11 percent cap rate. The all-cash sale marks the highest cost and cap rate for an Inland Empire two-tenant investment priced above $5 million, according to Hanley.<\/p>\n<p>Hanley Investment Group Executive Vice President Bill Asher, President Ed Hanley and Vice President Jeff Lefko negotiated on behalf of the seller, VantageOne Real Estate Investments LLC. Recently, Lefko and Asher also arranged the $2.8 million <a href=\"https:\/\/www.commercialsearch.com\/news\/hanley-investment-brokers-another-california-starbucks-sale\/\">sale of a Starbucks property<\/a> in Fresno, Calif. Senior Associate Edward Weng of TFS Properties represented the buyer, a private investor from Los Angeles.&nbsp;<\/p>\n<p>The two buildings, completed in 2016, are located at 31465 and 31467 Ave. E, adjacent to Interstate 10, at the Yucaipa Boulevard exit, visible to more than 138,000 cars per day. The 3,867-square-foot In-N-Out Burger and the 4,500-square-foot Corky\u2019s Kitchen &amp; Bakery are both under long-term leases with renewal options and fixed increases.<\/p>\n<p>Located roughly 4.5 miles of downtown Yucaipa, the 2.2-acre property comprises the only In-N-Out location within a 7.5-mile radius and the only Corky\u2019s Kitchen &amp; Bakery within a 16-mile radius. The population living within a 3-mile radius has an average household income of $115,000.<\/p>\n<p><em>If you\u2019d like to be featured in Brokers\u2019 Corner, send your deal to&nbsp;<\/em><a href=\"mailto:deals@cpe-mhn.com\"><em><strong>deals@cpe-mhn.com<\/strong><\/em><\/a><em>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company&#8217;s Executive Vice President Bill Asher, President Ed Hanley and Vice President Jeff Lefko worked on behalf of the seller.<\/p>\n","protected":false},"author":870,"featured_media":1004365520,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,34027,21783,21742,21749,15],"tags":[48434,33902],"class_list":["post-1004382539","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-inland-empire","category-investment","category-latest","category-retail","category-west","tag-bill-hanley","tag-hanley-investment-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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