Hanley Investment Group Sells Grocery Anchored Shopping Center in Rancho Cordova, Calif.
Kevin T. Fryman and Edward B. Hanley of Hanley Investment Group represented the buyer and seller in the sale of Bradville Square, a 90,435-square-foot grocery anchored shopping center in Sacramento County in the City of Rancho Cordova, Calif. The purchase price was not disclosed.
View as PDF
 Print View
January 30, 2012 (FPRC) -- IRVINE, CALIF. – Hanley Investment Group Real Estate Advisors, one of the most dominant retail investment groups in the western United States and a market leader in the sale of retail properties, announced today that Kevin T. Fryman and Edward B. Hanley represented the buyer and seller in the sale of Bradville Square, a 90,435-square-foot grocery anchored shopping center in Rancho Cordova, Calif. The purchase price was not disclosed.
Situated in Sacramento County, Bradville Square is located at 3609, 3633, 3643, 3635 Bradshaw Road in Rancho Cordova. Built in 1962 on 4.71 acres, the shopping center includes the following high profile, national and regional tenants: Fresh & Easy (not a part of the sale, NAP), AutoZone, Metro PCS, O’Reilly Auto Parts (NAP), Check Into Cash, Papa Murphy’s Pizza, Subway, and Burger King (NAP). The property was 64% occupied at the time of sale.
“The buyer was attracted to the fact they could acquire Bradville Square at a strong yield with an opportunity to lease up the 36% vacancy, especially when Fresh & Easy opens sometime in the future,” said Kevin T. Fryman, vice president of Hanley Investment Group. “This value-add investment is indicative of the type of shopping center many of the active buyers are continuing to aggressively pursue.”
The buyer was VCG Bradville Square, LLC of Los Angeles, Calif. The seller was Passco Bradville Square, LLC, an Irvine-based TIC investment/management firm.
About Hanley Investment Group Real Estate Advisors
Built on a solid foundation of performance, integrity and dedication, Hanley Investment Group Real Estate Advisors is a boutique retail investment brokerage firm with a three billion dollar transaction track record that is comprised of innovative specialists delivering unparalleled service and superior results that consistently exceed client expectations. Hanley Investment Group’s expertise, commitment and unwavering focus of putting the client’s needs first have continued to set the company apart in the industry. Hanley Investment Group works closely with individual investors, developers, and institutional property owners in every facet of the transaction to insure that the highest value is achieved. Clients rely on Hanley Investment Group to be the most knowledgeable and trusted source for valuation services, market information and retail property acquisitions and dispositions. For more information, visit the Company’s website at www.hanleyinvestment.com or call (949) 585-7610.
Send an email to Anne Monaghan of Monaghan Communications
(949) 585-7610
Keywords:
Hanley Investment Group , Kevin T. Fryman, Rancho Cordova Sacramento
Recent Press Releases By The Same User Hanley Investment Group’s Urban Retail Division Sells Retail Building on South Lake Avenue in Pasadena Shopping District (Fri 25th May 12)
LUCESCU REALTY Announces Sale of Lake Pleasant Pavilion Shopping Center in Phoenix Metro for $41.75 Million (Fri 18th May 12) KTGY Principal Rohit Anand, AIA to Speak at NAHB Webinar on May 23, "Top 12 Must Haves in Your 2012 Apartment Project" (Tue 15th May 12) Hanley Investment Group Launches HIG NNN Specializing in Sale of Single-Tenant Net Lease Properties (Mon 7th May 12) 365 Connect Integrates Award-Winning Platform With Social Media Sharing Sensation Pinterest (Wed 2nd May 12) Old Towne Orange Farmers & Artisans Market Celebrates One Year Anniversary on Saturday, May 5, 9:00 am - 1:00 pm (Mon 30th Apr 12) |
