Press releases for retail properties sales

Hanley Investment Group Sells Single-Tenant Fresh & Easy Neighborhood Market for $2,865,000, Cap Rate 6.6% (2009-04-18)
Edward B. Hanley of Hanley Investment Group Real Estate Advisors represented the buyer and seller in the sale of a single-tenant Fresh & Easy Neighborhood Market in Loma Linda, Calif. The purchase price was $2,865,000, at a 6.6% cap rate. The 15,000 sq. ft. single-tenant Fresh & Easy Neighborhood Market is located at 25694 Redlands Boulevard. Positioned at the signalized intersection of Redlands Blvd. and Mountain View Ave., the property is situated on 2.1 acres and was built in 2009. Fresh & Easy is a subsidiary of UK-based Tesco, the third largest retailer in the world and the largest retailer in the UK. Tesco operates over 3,200 stores across 12 countries.

Hanley Investment Group Sells Multi-Tenant Retail Strip Center in Orange County, CA for $4,325,000, $532 PSF (2009-03-24)
Carlos J. Lopez of Hanley Investment Group represented the seller in the sale of Home Place, a multi-tenant retail strip center at 1935 East 17th Street in Santa Ana, Calif. The purchase price was $4,325,000, representing $532 per square foot. The subject property is a .55 acre out parcel to an Orchard Supply Hardware (OSH) anchored shopping center. The freestanding four-tenant building includes Union Bank, Cantaloop Yogurt, Ritz Nails and Dorazio Learning Center.