HIGREA HANDLES $2.275 MILLION RESTAURANT SALE IN SAN BERNARDINO COUNTY

APPLE VALLEY, CALIF. — Hanley Investment Group Real Estate Advisors has represented the seller in the $2.275 million sale of the fee-simple ownership in the land leased to Red Robin Restaurant located at 18999 Bear Valley Road in Apple Valley. Through a NNN lease, Red Robin occupies the single-tenant, 5,532-square-foot pad building built in 2009 within the Jess Ranch Marketplace Phase III, a power center featuring Best Buy, Bed Bath & Beyond, Cinemark, 24 Hour Fitness and Jack in the Box. Hanley Investment Group’s Edward Hanley and William Asher represented the seller, Houston, Texas-based WRI Alliance Riley Venture III, in the all-cash transaction, and James Kwon of Coldwell Banker Best Realty represented the Corona, Calif.-based private-investor buyer.