Hanley Investment Group Real Estate Advisors has negotiated the sale of four single-tenant retail properties in Southern California for a total sales price of $13.56 million.

Hanley's Jeremy McChesney represented the buyers in the four transactions.

The first transaction saw a Norwalk-based private investor pay $5.51 million for a 12,581-square-foot Walgreens in Big Bear Lake. The seller was San Francisco-based RX Investment Corp.

The retail building is located at 42107 Big Bear Blvd. and was built in 2008 on 1.54 acres. It sold with a 5.8 percent capitalization rate and currently has a 75-year lease.

The second property, a 5,597-square-foot Barbeques Galore, was sold for $3.4 million by Investwest Partners 66, LLC. The building, built in 2008, is situated on .74 acres and also sold with a six percent capitalization rate.

The third transaction was a $1.37 million deal in which San Juan Capistrano-based Treadwell Robertson, Inc. sold a 1,450-square-foot Starbucks in Garden Grove. The building was constructed in 2007 and sits on .25 acres. The property is located at 13172 Garden Grove Blvd.

In the final deal, a Los Angeles-based private investor paid $2.65 million to Borchard-Jurupa, LLC, for a 2,260-square-foot Del Taco in Ontario. The retail building is located at 4880 E. Motor Lane and was built in 2008. It sold with a 5.85 percent capitalization rate and sits on .77 acres.

This is cache, read story here