Hanley Investment Group Represents Seller In $32 Million Sale Of Southern California Retail Assets

Four retail pad and strip center assets located at 745 South Main Street, 39028-39196 Winchester Road, 1031-1063 East Route 66 & 1820 North Perris Boulevard in the markets of Orange, Murrieta, Glendora, and Perris have been sold for a combined total of $32,000,000. The total square footage of the assets is 61,444, resulting in a price per square foot of $521.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $32,000,000
• Square Footage: 61,444
• Price Per Square Foot: $521
• Brokers: Kevin Fryman & Ed Hanley - Hanley Investment Group

Kevin Fryman and Ed Hanley represented the seller, an Orange County–based private investor, throughout the transactions, employing a targeted break-up strategy to optimize pricing. The buyers comprised private 1031 exchange investors from Los Angeles, St. Louis, and local markets.