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Hanley Investment Group Negotiates the Sale of Newport Avenue Retail in Tustin for $1.2 Million

CORONA DEL MAR, CALIF. – November 12, 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 and Jeff Hauber completed the sale of a 2,900-square-foot retail building in Orange County for $1.2 million, representing a cap rate of 4.17%

The two-tenant retail building is located on .32 acres at 14191 Newport Avenue, near the intersection of McFadden Avenue and Newport Avenue in Tustin, Calif.

Vu added, “Within a three-mile radius, there are 230,000 people with an average household income of $92,000. The buyer who lives nearby knows the quality of the immediate trade area. Investors are willing to pay the premium for quality assets in a low inventory market.”

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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