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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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Hanley Investment Group

Hanley Investment Group Real Estate Advisors is a real estate brokerage and advisory services company with an $8.3 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