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SANTA BARBARA, Calif. – Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in retail property sales, announced today the sale of a newly constructed, single-tenant corporate Starbucks located at 402 North Milpas Street in Santa Barbara, California. The property sold for $3.7 million.
Hanley Investment Group’s Vice President Sean Cox and Executive Vice President Bill Asher represented the seller, a Los Angeles-based developer. The buyer, a San Francisco-based 1031 exchange investor, represented themselves in the transaction…