The retail asset located at 25804-25860 Hemingway Avenue in Stevenson Ranch consists of 29,817 square feet on a 3.25-acre lot. The property was sold for $12,500,000, translating to a price per square foot of $419. It is home to a tenant, Tutor Time, which contributed to the strong interest in the property from various investors.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $12,500,000
• Address: 25804-25860 Hemingway Avenue
• Market: Stevenson Ranch
• Square Feet: 29,817
• Price Per Square Foot: $419
• Seller: Catalyst Real Estate
• Buyer’s Representative: Edmond Bina - EMB Properties
• Seller’s Representative: Alexander Moore, Ed Hanley, Kevin Fryman & Sean Cox - Hanley Investment Group

Hanley Investment Group managed the sale of the retail center, successfully attracting multiple offers from private investors and real estate investment trusts (REITs). The prime location and long-term tenant stability further enhanced the property’s desirability in the market.