CORONA DEL MAR, CALIF. – January 14, 2015 – (RealEstateRama) — Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that Eric Vu negotiated the sale of Hammer Plaza, a 20,388-square-foot multi-tenant shopping center, for $1.4 million, well above the asking price.
“Hammer Lane is the main arterial of Stockton, with over 36,000 cars per day and provides easy access to the 99 and 5 freeways,” said Vu. “Within a 5-mile radius of the retail center, there are 258,000 people with an average annual income of $58,000.”
Vu represented the buyer, a private investor in Tracy, Calif., and the seller, a local investor in Stockton, Calif.
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