“The acquisition provides the buyer with a great value add investment opportunity,”
“The buyer assumed an existing loan that required a 15 percent down payment, which was an extremely attractive loan-to-value along with an interest rate of 5.75 percent,” added Kevin Fryman, vice president at Hanley Investment Group. “The existing loan was a huge selling point, especially given current comparable financing available in today’s market. The buyer was able to achieve an initial double digit cash-on-cash return.”
The buyer was Lamar Companies from Littleton, Colo. The seller was an undisclosed private investment company based in Los Angeles, Calif.
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 about this transaction, please contact:
Hanley Investment Group Real Estate Advisors
2030 Main Street, Suite 1650
Irvine, CA 92614
Eric Werner - 949.585.7678 or firstname.lastname@example.org
Kevin Fryman - 949.585.7674 or email@example.com