COLDWELL BANKER COMMERCIAL ALLIANCE ANNOUNCES $1 MILLION SALE OF A 2,474 SF TACO BELL PROPERTY
(Irvine, CA, 3/28/16) – Daniel Tyner and Scott Hook, of Coldwell Banker Commercial Alliance, have announced the sale of a single tenant Taco Bell property in the City of Westminster, CA. The 760 square foot building, which sits on a 13,681 square foot parcel sold for $1,000,000 to an undisclosed private 1031 exchange buyer. The property sits in an excellent location with strong visibility on the signalized intersection of Magnolia Street and Edinger Avenue in Westminster, CA.
“The Taco Bell property provides the new investor the ability to add immediate value to the property,” stated Daniel Tyner, Associate for Coldwell Banker Commercial Alliance. “With the short term lease currently set in place, the investment gives the new investor flexibility on immediate redevelopment opportunities. ” Tyner added.
Daniel Tyner joined Coldwell Banker Commercial Alliance as an Associate in 2014 as a part of the Hook Retail Advisors group. Mr. Tyner specializes in retail investments, advising his clients on the acquisition and disposition of retail properties. Daniel Tyner and Scott Hook, Hook Retail Advisors at Coldwell Banker Commercial Alliance, help ensure a seamless and successful closing on behalf of every client.
About Coldwell Banker Commercial (CBC) Alliance
Coldwell Banker Commercial Alliance is a national commercial real estate brokerage company headquartered in New York City, dedicated to serving private investors, owners, and small/mid-cap corporate users of real estate. The firm currently has offices in New York, Los Angeles and Orange County, Calif., Dallas, Miami, and Denver, 150 professionals, $800 million in closed transaction value and over six million square feet under management. The company is also an independently owned and operated affiliate of the international Coldwell Banker Commercial® organization and one of the top offices in the firm’s global network of over 200 offices and 3,000 brokers.
CBC Alliance was founded by Waterfall Asset Management (Waterfall), an investment manager with approximately $3.0 billion in client assets under management. Waterfall has also acquired more than $1 billion of small-balance commercial loans nationally for its clients.
About Coldwell Banker Commercial Affiliates
Coldwell Banker Commercial® is a registered trademark licensed to Coldwell Banker Real Estate Corporation. Since 1906, the Coldwell Banker Commercial brand has been a premier provider of real estate, recognized globally as a company that puts the client first while delivering individual, distinctly different service. Coldwell Banker Commercial affiliates cover territory throughout North America, South America, Europe, Africa, Asia and Australia. Coldwell Banker Commercial is an industry leader in providing commercial real estate solutions that serve the needs of tenants, landlords, sellers and buyers in the leasing, acquisition, disposition and management of all property types. Each office is
independently owned and operated. For more information, visit: www.cbcworldwide.com.