Press releases for brokerage sale transaction

Hanley Investment Group Sells Multi-Tenant Retail Strip Center for $1,970,000; Nine Offers Received in the First Two Weeks (2009-09-16)
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. Located at Alondra Boulevard and Clark Avenue, the property is situated on a 0.50-acre lot and included tenants Advance America and Domino’s Pizza.