Hanley Investment Group Completes 8th Property Sale at Sprouts-Anchored Shopping Center in Fontana, Calif.

“Two Multi-Tenant Retail Buildings Offer for Over $11 Million in the Crack-up Sale System Executed at Highland Village Buying Center”

FONTANA. Calif. – Hanley Financial investment Team Real Estate Advisors, a nationally regarded authentic estate brokerage and advisory company specializing in retail house revenue, introduced currently that the business has organized the sale of two multi-tenant retail pad properties at Highland Village Searching Centre, a new Sprouts-anchored procuring heart in Fontana, California. The two structures, which totaled 13,515 square ft, shut at over $11 million. This transaction marks the eighth residence Hanley Financial investment Group has bought at Highland Village, totaling a mixed 61,123 sq. ft and about $40.8 million in whole income.

Hanley Investment decision Group’s Executive Vice Presidents Kevin Fryman, Monthly bill Asher and Jeff Lefko represented the vendor, Adler Realty Investments, who accomplished the floor-up procuring center progress in 2018-2019. The buyer was a non-public 1031 exchange trader primarily based in Beverly Hills, California and was represented by Mark Stein of CPMC Realty in Palm Desert, California.

“Retail builders continue to capitalize on executing the break-up sale system thanks to the reliable substantial-level of demand from customers from buyers trying to find new construction solitary-tenant and multi-tenant pads in today’s industry,” explained Fryman. “The profits of the two multi-tenant pad properties at Highland Village were being a primary instance of matching up a retail investment decision not formally on the sector nevertheless with a certain investor’s acquisition criteria in search of to full a 1031 trade. We had been equipped to determine and procure the consumer in an off-market place transaction and effectuate a calendar year-conclude closing to accomplish both of those parties’ goals.”

The two multi-tenant retail pad structures are positioned at 16918-16938 South Highland Avenue on an outparcel to a 30,000-square-foot Sprouts Farmers Industry at the tricky-corner, signalization intersection of Highland Avenue and Sierra Avenue. The pad tenants include Cafe Rio, Jersey Mike’s Subs, Fatburger, Oggi’s Pizza, AB Barber and Crumbl Cookies. Other tenants at the procuring middle involve Sit ‘n Snooze, Raising Cane’s Hen Fingers, Jack in the Box, Pacific Dental, Swift Quack Car Wash and Mountain Watch Tire & Vehicle Support. The purchasing centre is instantly adjacent to the 210 Freeway at the Sierra Avenue entrance/exit.

Hanley Investment Group’s Fryman, Asher and Lefko previously arranged the sale of an 8,400-square-foot Sit ‘n Snooze, a 7,500-sq.-foot multi-tenant retail shop making adjacent to Sprouts, a Fast Quack Car Clean ground lease as well as the profits of Sprouts, Mountain View Tire & Auto Provider, Raising Cane’s and Jack in the Box, every single as independent, single-tenant transactions at Highland Village Browsing Center. Hanley Investment decision Group’s sale of Quick Quack Vehicle Wash was the 1st solitary-tenant Speedy Quack to promote as a web-leased expense in California.

“We ended up capable to increase benefit for the seller by personal gross sales to private, non-institutional buyers in a rate array of roughly $2 million to $11 million, a selling price selection that significantly appeals to the largest buyer pool in the retail financial investment sector,” said Fryman. “Investors acknowledged that this procuring centre and its place and demographics made available very long-term stability and security in a ongoing growth place.”

Fryman added that there are 325,000 people today within just a 5-mile radius and an regular domestic revenue of $89,000 inside a just one-mile radius of the searching centre.

“Investor demand from customers for well-found, multi-tenant retail houses leased to nationally and regionally identified world wide web-resistant tenants was at unparalleled stages in the next 50 % of 2021,” said Asher. “We count on this need to continue in 2022, specially as an choice expense and prospect to receive retail at a bigger return in contrast to the highly compressed cap costs identified in the one-tenant marketplace.”

About Hanley Investment Team

Hanley Investment decision Team Real Estate Advisors is a actual estate brokerage and advisory providers company with a $9 billion transaction monitor report that specializes in the sale of retail houses nationwide. Our skills, tested track file, and unwavering dedication to placing clients’ needs first established us apart in the sector. Hanley Expenditure Team creates price by providing excellent effects by way of the use of residence-certain marketing and advertising approaches, reducing-edge technology, and local sector know-how. Our nationwide associations with investors, developers, institutions, franchisees, brokers, and 1031 exchange potential buyers are unparalleled in the industry, translating into maximum exposure and pricing for each and every house. With unmatched support, Hanley Investment Team has redefined the practical experience of providing retail expenditure houses. For more facts, visit www.hanleyinvestment.com.

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Enterprise Title: Hanley Financial investment Team Genuine Estate Advisors
Speak to Man or woman: Kevin Fryman, Executive Vice President
E mail: Send Email
Mobile phone: 949.585.7674
Deal with:3500 E. Coastline Highway, Suite 100
Town: Corona del Mar
Point out: California
State: United States
Internet site: https://hanleyinvestmentgroup.com/