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Hanley Investment Group Sells Four SoCal Retail Pad and Strip Assets for $32 Million
The portfolio was marketed and sold as individual transactions under a deliberate break-up strategy.
Mar. 16, 2026 at 10:49pm
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Hanley Investment Group Real Estate Advisors has completed four separate investment sales of retail pad and strip center assets across Southern California on behalf of a private seller based in Orange County. The portfolio, which was marketed and sold as individual transactions under a deliberate break-up strategy, achieved a combined sales consideration of more than $32 million.
Why it matters
The sales program underscores the continued depth of private-capital interest in well-located retail pads and neighborhood-focused strip centers across Southern California, even amid evolving capital markets dynamics. The transactions also illustrate how sellers of multi-asset retail holdings may be able to unlock additional value through a break-up sales strategy.
The details
The assignments included a five-tenant pad building in Orange that closed at $9.78 million, two retail pad sites in Murrieta that sold for $8.12 million, a multi-building neighborhood strip center in Glendora that traded for $5.85 million, and a 12,564-square-foot retail pad building in Perris that sold for $8.28 million. Each property was sold to a different buyer, allowing pricing to be calibrated to market demand and individual asset characteristics.
- The transactions were completed in March 2026.
The players
Hanley Investment Group Real Estate Advisors
A real estate investment advisory firm that represented the private seller in the four transactions.
Kevin Fryman
Executive vice president at Hanley Investment Group who represented the seller.
Ed Hanley
President of Hanley Investment Group who represented the seller.
Orange County private investor
The seller of the portfolio of retail pad and strip center assets.
What they’re saying
“The four closings underscore the continued depth of private-capital interest in well-located retail pads and neighborhood-focused strip centers across Southern California.”
— Kevin Fryman, Executive vice president, Hanley Investment Group
“Structuring the portfolio as stand-alone offerings rather than a single bulk transaction enabled the brokerage team to market each asset on its own merits, attract a broader buyer pool and create competitive bidding conditions.”
— Ed Hanley, President, Hanley Investment Group
The takeaway
The successful break-up and sale of this retail portfolio demonstrates the continued investor demand for well-positioned neighborhood commercial properties in Southern California, even as broader market dynamics evolve.
