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PALM DESERT, CALIF. — Hanley Investment Group Real Estate Advisors has arranged the sale of an absolute triple-net ground lease of a single-tenant building located at 39355 Washington St. in the Coachella Valley city of Palm Desert.
A Los Angeles-based private investor sold the building to a Riverside County-based private investor for $2.9 million.
Bank of America occupies the 3,515-square-foot freestanding building, which features a drive-thru.
Bill Asher and Jeff Lefko of Hanley Investment represented seller, while Tyler Rollema of The Klabin Co. in Torrance represented the buyer in the deal.