RealEstateRama   -   Site   -   in News   -   in Media   -   in Social   -   Web

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.

lancaster-triangle

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.

More

SHARE
Hanley Investment Group

Hanley Investment Group Real Estate Advisors is a real estate brokerage and advisory services company with a $7.7 billion transaction track record that specializes in the sale of retail properties nationwide. Our expertise, proven track record, and unwavering dedication to putting clients' needs first, sets us apart in the industry.

Hanley Investment Group creates value by delivering exceptional results through the use of property-specific marketing strategies, cutting-edge technology, and local market knowledge. Our nationwide relationships with investors, developers, institutions, franchisees, brokers, and 1031 exchange buyers are unparalleled in the industry, translating into maximum exposure and pricing for each property. With unmatched service, Hanley Investment Group has redefined the experience of selling retail investment properties.

Contact:
Phone: (949) 585-7610