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Combined parcels on Balboa Island s Marine Avenue sell for $4 4 million

The parcels at 325 through 331 Marine Avenue include mixed-use developments that currently house Shirley's Heart and SportsRents.

Shaun rileyJeff conoverGreg swedelsonRealty corpRealty partnersBalboa islandMarine avenueFaris lee investmentsFaris leeMarine streetNewport beach

Faris Lee Arranges $7M Sale of Retail Property Leased to Floor & Décor in McAllen, Texas

Faris Lee Arranges $7M Sale of Retail Property Leased to Floor & Décor in McAllen, Texas
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United statesTaylor williamsFaris leeScott deyoungJeff conoverFaris lee arrangesRetail property leasedFaris lee investmentsRio grande valley

Faris Lee Investments Completes Sale of 10 Dairy Queen Stores in Louisiana

Faris Lee Investments, a leading retail advisory and investment sales firm, has completed the portfolio sale of ten operating Dairy Queen Restaurants in the state of Louisiana. Faris Lee Investments bifurcated the sale of the real estate and business to maximize the proceeds for the seller. The sale of the real estate and business for all 10 locations closed simultaneously with two separate buyers at an undisclosed price.

United statesNew orleansBaton rougeHunter steffienScott deyoungJeff conoverDairy queenImp holdingsFaris lee investmentsDairy queen restaurantsSenior managing directorManaging principalLee investmentsReal estateDairy queensDairy queen franchisee

Faris Lee Arranges Sales of Two Grocery Stores in Nevada, Washington for $22 4M

Faris Lee Arranges Sales of Two Grocery Stores in Nevada, Washington for $22 4M
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United statesScott deyoungJeff conoverFaris lee arranges salesTwo grocery storesAmy worksNet leaseFaris lee investmentsSouthern california based

Faris Lee Executes Break-Up Strategy With Oil Wells Near Long Beach for $28 3M

Share this article Share this article SIGNAL HILL, Calif., May 11, 2021 /PRNewswire/ In one of the most complex retail transactions during COVID-19, Scott DeYoung and Jeff Conover of Faris Lee Investments completed the sale of Signal Hill Gateway in Long Beach to four different buyers for a total of $28.3 million, which is a 5.27% cap with a 5% vacancy factor. All sales closed within 75 days from beginning to end. The high-performing, triple-net urban infill community center was re-parcelized to achieve optimum pricing for the seller, Signal Hill Petroleum, which ultimately received 99.3% of Signal Hill Gateway s list price despite the pandemic. Signal Hill Petroleum will retain ownership of a one-acre parcel within the shopping center that contains active oil wells and drill sites. The first-in-class oil operator will also stay on as Signal Hill Gateway s common area maintenance manager to ensure a smooth transition to the new buyers. Faris Lee helped the buyers and seller rea

Signal hillUnited statesLong beachLos angeles basinIngrid vallonFaris leeCraig bartoScott deyoungJeff conoverFlynn restaurant groupTeam at signal hill petroleumDollar treeHill petroleumShopping centerFaris lee investmentsSignal hill gateway

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