Eric L. Werner and Kevin T. Fryman of Hanley Investment Group represented the buyer and seller in the sale of a single-tenant Hollywood Video located at 12252 Perris Boulevard in Moreno Valley, Calif. The purchase price was $1,745,000. Built in 1998 on a .33-acre parcel of land at the signalized intersection of Perris Boulevard and Hemlock Avenue, Hollywood Video occupies a 6,556-square-
“The buyer acquired an excellent value-add investment opportunity,”
In the second Hollywood Video transaction, Werner and Fryman teamed up with Bryan Land of Hanley Investment Group to represent the buyer and seller in the sale of a single-tenant Hollywood Video located at 1333 E. Foothill Boulevard in Upland. The purchase price was $2,140,000.
Located at the signalized intersection of Foothill Boulevard and Alta Avenue, Hollywood Video is situated on a .55-acre parcel of land with six years remaining on its initial lease term. Built in 1998, Hollywood Video occupies a 6,800-square-
The buyer was a private investor based in Los Angeles, Calif. The seller was a private investor from Long Beach, Calif.
“The strong demographics in the surrounding area, combined with a signalized corner location, provide the buyer with excellent future upside potential to re-tenant the building if Hollywood Video is to ever leave this location,” says Werner.
About Hanley Investment Group Real Estate Advisors
Built on a solid foundation of performance, integrity and dedication, Hanley Investment Group Real Estate Advisors is a boutique retail investment advisory firm with a two billion dollar transaction track record that is comprised of innovative specialists delivering unparalleled service and superior results that consistently exceed client expectations. Hanley Investment Group’s expertise, commitment and unwavering focus of putting the client’s needs first have continued to set the company apart in the industry. Hanley Investment Group works closely with individual investors, developers, and institutional property owners in every facet of the transaction to insure that the highest value is achieved. Clients rely on Hanley Investment Group to be the most knowledgeable and trusted source for valuation services, market information and retail property acquisitions and dispositions. For more information, visit the Company’s website at www.hanleyinvestment.com or call (949) 585-7610.
For more information, contact:
William B. Asher, Managing Director
Hanley Investment Group
Real Estate Advisors
2030 Main Street, Suite 1650
Irvine, CA 92614