Hanley Investment Group Arranges Sale of Single-Tenant NNN Walgreens in Huntington Park, Calif. for $11.85 Million

CORONA DEL MAR, CALIF. – (RealEstateRama) — Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced the sale of a single-tenant absolute net-leased Walgreens property located at 6100 Pacific Boulevard in Huntington Park, Calif.

Hanley Investment Group Senior Vice President Patrick Kent and Executive Vice President Bill Asher represented the seller, a private investor based in Los Angeles. The buyer, a private investor based in northern California, was represented by Nigel Keep and Bill Kurfess of Kidder Mathews.

The 15,525-square-foot Walgreens building was built in 2007 on a 47,916-square-foot lot at the hard-corner signalized intersection of Pacific Boulevard and Randolph Street. The Walgreens lease had more than 22 years remaining on the initial 30-year term.

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