COLDWELL BANKER COMMERCIAL ALLIANCE ANNOUNCES $1.2 MILLION SALE OF A 2,474 SF CARL’S JR. PROPERTY
(Irvine, CA, 3/28/16) – Daniel Tyner and Scott Hook, of Coldwell Banker Commercial Alliance, have announced the sale of a single tenant Carl’s Jr. property in the City of Norco, CA. The 2,474 square foot building, which sits on a 28,749 square foot parcel sold for $1,200,000 to an undisclosed private investor. The property is part of the larger Vandermolen Center – located on the Hamner Avenue retail corridor - with major national tenants including Stater Bros, Dollar Tree, Subway, and Ace Hardware.
“The Carl’s Jr. property offers tremendous upside potential for the new investor, which is located in a dense area of Southern California and rapidly growing retail trade area of Corona,” stated Daniel Tyner, Associate for Coldwell Banker Commercial Alliance. “This transaction is another great example of the high demand for well-located investments as we procured multiple competitive offers,” 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.