Hanley Investment Group Sells Multi-Tenant Retail Strip Center in Bellflower, CA for $2,106,000 (2009-12-09)
Kevin T. Fryman and Eric P. Wohl of Hanley Investment Group represented the buyer and seller in the sale of Bellflower Plaza, a 12,155 sq. ft. multi-tenant retail strip center in Bellflower, Calif. The purchase price was $2,106,000, representing a 6.63% cap rate. Built in 1980, Bellflower Plaza was 92% occupied at the time of the sale.