SANTA CLARITA, Calif. – (RealEstateRama) — Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that President Ed Hanley and Executive Vice President Kevin Fryman represented the buyer and seller in the sale of Seco Canyon Village, a 42,134-square-foot shopping center anchored by CVS/pharmacy located in the Los Angeles metro area. The purchase price was $15,520,000.
The buyer was a private 1031 exchange buyer, a family trust based in Beverly Hills, Calif. The seller was a private investor based in Beverly Hills, Calif.
Seco Canyon Village is located approximately 35 miles northwest of downtown Los Angeles in an affluent neighborhood of Santa Clarita at 22872-22892 Copper Hill Drive and 27911-27983 Seco Canyon Road on the southwest corner of Seco Canyon Road and Copperhill Drive in Santa Clarita. In addition to CVS, which has a drive-thru pharmacy, Seco Canyon Village tenants include AIM Mail Center, Papa John’s Pizza, Verizon Wireless and Supercuts. Built in 2005 on 4.55 acres, the shopping center was 96 percent occupied at the time of the sale.
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