Hanley Investment Group Completes Sale of Lancaster Triangle in Los Angeles County for $5.75 Million

Hanley Investment Group Completes Sale of Lancaster Triangle in Los Angeles County for $5.75 Million

Record Pricing for a Multi-Tenant Center in the Antelope Valley

LANCASTER, Calif. – (RealEstateRama) — Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today the sale of Lancaster Triangle, a 35,569-square-foot multi-tenant shopping center in Lancaster, California. The purchase price was $5.75 million, which represented one of the lowest recorded closing cap rates for a multi-tenant center in the Antelope Valley built before 2005.

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The buyer was a private investor based in North Hollywood, California. The seller, Lancaster Triangle, LLC, was based in Calabasas, California. Both parties were represented by Executive Vice President Bill Asher and Associate Jeff Lefko of Hanley Investment Group in Corona del Mar, California, along with Rosanne Morgiewicz of The Morgiewicz Company of Malibu, California.

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Hanley Investment Group

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.
Contact:
Phone: (949) 585-7610

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