
Hanley Investment Group Represents Seller in Sale of $5,256,000 Multi-Tenant Shopping Center in Victorville, CA, a 5.13% Cap Rate (2008-01-17)
Jeremy S. McChesney and Cameron Rafati of Hanley Investment Group Real Estate Advisors represented the seller in the sale of a 26,152-square-foot multi-tenant shopping center, known as Greentree Plaza and located at 13708-13728 Hesperia Road in Victorville, Calif. The purchase price was $5,256,000, representing a 5.13% cap rate. The three-building property was built in 1985, and was 89% occupied at the time of sale.