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

Property Image
SOLD
$4,150,000
Alexander (Alex) Moore
Carlos Lopez
+ 2

California

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Retail12,750 SF
Sold 12/19/2023
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Property Image
SOLD

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

1000 La Brea Avenue

See Similar Deals
Retail12,750 SF
Sold 12/19/2023
Alexander (Alex) Moore
Carlos Lopez
+ 2
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$325
Total Square Footage:12,750 SF
Transaction Type:Sale

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.

Players

Kevin Fryman
37 deals$539.7M volume(949) 585-7674
BROKER

Carlos Lopez
SRS Real Estate Partners
3 deals$30.1M volume
BROKER

Sean Cox
Hanley Investment Group
24 deals$266M volume(949) 585-7648
BROKER

Alexander (Alex) Moore
SRS Real Estate Partners
18 deals$224.5M volume(949) 585-7614
BROKER

Robert Toofer
Exclusive Realty
1 deal$4.2M volume(818) 571-9100
BROKER

Details

SOLD
IMAGE: Carlos Lopez, Alexander Moore, Kevin Fryman & Sean Cox DATE: 12/19/2023 ADDRESS: 1000 South La Brea Avenue MARKET: Inglewood ASSET TYPE: Retail BUYER'S REP: Robert Toofer - Exclusive Realty SELLER'S REP: Alexander Moore, Carlos Lopez (@Carlos.j.Lopez), Kevin Fryman & Sean Cox (@SeannCox) - Hanley Investment Group - Real Estate Advisors (@HanleyInvestmentGroup) SALE PRICE: $4,150,000 SF: 12,750 ~ PPSF: $325 NOTE: Hanley Investment Group Real Estate Advisors announced the $4.15 million sale of a Dollar General-anchored retail center in Inglewood, California. The 12,750-square-foot property, strategically located near entertainment venues, was swiftly acquired by a private 1031 exchange investor in a 30-day escrow, with Dollar General occupying 70% of the space.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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Cap Rate

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