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Follow on Google News | Hanley Investment Group Reps Buyer & Seller in $15 Million Shopping Center Sale in National City, CAHanley Investment Group represented the buyer and seller in the $15 million sale of a grocery/drug anchored shopping center in National City, CA. A Canadian buyer paid 6% cap rate for the center, which was 100% occupied at the time of the sale.
By: Anne Monaghan / Monaghan Communications The 68,084-square- “Foreign capital is taking advantage of the weak dollar and pursuing shopping centers in the United States, and are especially interested in California,” The buyer was Amir Khalili from Vancouver, BC, Canada. The seller was National Properties VII, LLC based in Tiburon, 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 on this transaction, please contact: Edward B. Hanley Hanley Investment Group Real Estate Advisors 2030 Main Street, Suite 1650 Irvine, CA 92614 P 949.585.7677 F 949.585.7611 ehanley@hanleyinvestment.com www.hanleyinvestment.com End
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