Hanley Investment Group Sells Dollar General-Anchored Retail Center In Inglewood For $4.15M

Hanley Investment Group Real Estate Advisors has announced the sale of a Dollar General-anchored retail center in Inglewood, California. The property, located at 1000 South La Brea Avenue, was sold for $4.15 million. It spans 12,750 square feet, resulting in a price per square foot of $325. The buyer, a private 1031 exchange investor, acquired the property in a 30-day escrow. Dollar General occupies 70% of the retail center, which is strategically positioned near entertainment venues.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $4,150,000
• Address: 1000 South La Brea Avenue
• Market: Inglewood
• Square Footage: 12,750
• Price Per Square Foot: $325

The buyer's representative in this transaction was Robert Toofer from Exclusive Realty. On the other hand, the seller's representatives were Alexander Moore, Carlos Lopez, Kevin Fryman, and Sean Cox from Hanley Investment Group - Real Estate Advisors. This transaction demonstrates the ongoing activity and value in the retail market sector in Inglewood.