Follow on Google News News By Tag * Hanley Investment * Retail Real Estate * Property Advisors * Brokerage * Sale Transaction * Neighborhood Strip Shopping Center * More Tags... Industry News News By Place Country(s) Industry News
Follow on Google News | Hanley Investment Group Sells Multi-Tenant Retail Strip Center for $1,970,000 in Bellflower, Calif.Kevin T. Fryman and Eric P. Wohl of Hanley Investment Group represented the seller in the sale of a 9,171 sf multi-tenant retail strip center in Bellflower, Calif. The purchase price was $1,970,000, representing a 7.37% capitalization rate.
By: Anne Monaghan / Monaghan Communications The 9,171-square- "The buyer pool for multi-tenant strip centers in southern California of this size and scope remains strong," said Kevin T. Fryman, a vice president at Hanley Investment Group."We generated nine offers in the first two weeks of marketing the property, showing the high demand for this type of asset in today’s market." "The third quarter has shown an increase in buyer activity as more buyers and more offers are being generated on both single- and multi-tenant retail properties in southern California," The buyer was a private investor from Los Angeles, Calif., represented by John Son at Lee & Associates in Orange, Calif. The seller was a private investor 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. End
Account Email Address Account Phone Number Disclaimer Report Abuse
|
|