Hanley Investment Group Negotiates Sale of Trophy Solana Beach Retail Center

Hanley Investment Group Negotiates Sale of Trophy Solana Beach Retail Center

Coastal San Diego Shopping Center Sells for $6.725 Million

CORONA DEL MAR, CALIF. – (RealEstateRama) — Hanley Investment Group, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that Executive Vice President Eric Wohl completed the sale of the Gateway @ Cedros, a rare trophy coastal retail center in Solana Beach, Calif. The sale price was $6.725 million, representing $837 per square foot.

The Gateway @ Cedros is a 100% occupied 8,035-square-foot retail center anchored by Peet’s Coffee and is located two blocks from the Pacific Ocean and adjacent to the Solana Beach train station. The multi-tenant retail building, which is situated on .32 acres at 100-116 S. Cedros Avenue and 121-129 Lomas Santa Fe Drive in northern San Diego County, was renovated in 2010.

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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.

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Phone: (949) 585-7610