Hanley Investment Group Real Estate Advisors arranged the sale of two new construction, single-tenant properties occupied by a Quick Quack Car Wash to two private buyers within 30 days. The two properties in Grand Terrace and Lodi sold for a combined $5.38 million, each with a new absolute triple-net ground lease with an initial term of 20 years.

In the first transaction, Hanley EVPs Bill Asher and Jeff Lefko represented the seller and developer, 5th Street Development in Del Mar, in the sale of a new Quick Quack Car Wash ground lease at 22181 Barton Rd. in Grand Terrace for $2.7 million. The buyer, a Pasadena-based private investor, was represented by Patrick Toomey, executive director with Institutional Property Advisors. 

In the second transaction, Asher and Lefko represented the seller of a new ground lease at 515 S. Lower Sacramento Rd. in Lodi for $2.68 million. The property was developed by MEE Capital Investments and AdVal Properties, Inc. The buyer, a central California-based private investor, was represented by John Kourafas at Visintainer Group.