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Follow on Google News | Hanley Investment Group Reps Buyer & Seller in $11,760,000 Shopping Center Sale in Fountain ValleyHanley Investment Group Real Estate Advisors’ Edward Hanley and Eric Wohl represented the buyer and seller in the $11,760,000 sale of a 41,550 sq. ft. shopping center in Fountain Valley, CA at Harbor Boulevard and Edinger Avenue.
By: Anne Monaghan / Monaghan Communications The 41,550-square- “This was an incredible opportunity to acquire a multi-tenant shopping center with future upside potential in a prime Orange County location,” said Eric Wohl, vice president at Hanley Investment Group. “The buyer has an excellent opportunity to increase below market rents at a property that is in great condition. Even with the recent fluctuation in interest rates, this sale continues to demonstrate that there is still an abundant amount of capital pursuing deals similar to Harbor Plaza, and a high demand for Orange County shopping centers overall.” “We were able to manage several challenges during escrow including a spike in the 10-year treasury and successfully achieve both the buyer’s and seller’s investment objectives,” Hanley notes this was the sixth retail shopping center Hanley Investment Group has closed in Orange County this year for a total consideration of approximately $47 million. The buyer was Amusement Industry, Inc. based in Long Beach, Calif. The seller was U.N.T. Atia Co., a California Limited Partnership out of Santa Ana, Calif. 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 $1 billion 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. # # # Edward B. Hanley Hanley Investment Group Real Estate Advisors 2569 McCabe Way, Suite 100 Irvine, California 92614 949.585.7677 ehanley@hanleyinvestment.com www.hanleyinvestment.com Website: www.hanleyinvestment.com End
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