
Hanley Investment Group Sells Brand New Single-Tenant Walgreens in Lake Elsinore, Calif. for $8 Million (2011-12-12)
William B. Asher and Jeremy S. McChesney of Hanley Investment Group Real Estate Advisors represented the buyer and seller in the sale of a single-tenant Walgreens in Lake Elsinore, Calif. The purchase price was $8,086,409. Located at 31781 Mission Trail Road in Lake Elsinore, the 13,678-square-foot freestanding building (including a drive-thru) is situated on a 1.57-acre parcel of land. The building, which is leased to Walgreens for a 75-year lease term, was built in 2011.