Brett Albrecht Of Kraemer Land Company Sells North Euclid Shopping Center For $12.58M

The property asset involved in the transaction is the North Euclid Shopping Center located at 229-333 North Euclid Street in Fullerton, California. The sale price for the 41,219-square-foot retail property was $12,580,000, which equates to a price per square foot of $305. The center was offered as a value-add opportunity with established internet-resistant tenants and notable high traffic exposure, despite having a vacant former Stater Bros. anchor.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $12,580,000
• Address: 229-333 North Euclid Street
• Market: Fullerton
• Square Footage: 41,219
• Price per Square Foot: $305
• Seller: Brett Albrecht - Kraemer Land Company
• Brokers: Edward Hanley, Eric Wohl & Kevin Fryman - Hanley Investment Group

Hanley Investment Group represented the seller, Kraemer Land Company, in this off-market transaction. They successfully secured a local private buyer for the shopping center, highlighting their expertise in brokering real estate transactions in the region.