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Case Study:

Palmdale Promenade

Palmdale, CA

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Palmdale Promenade generated a great deal of activity as it was priced below replacement cost and offered an opportunity for an investor to increase the yield by approximately 250 basis points following the lease­-up of the remaining available space.

The Hanley Investment Group Advantage

  • Generated Multiple Offers from Southern California Investors
  • Procured Non-1031 Exchange, Value-Add Property Buyer
  • Selected Los Angeles Based Buyer with Deep Banking Relationship that Helped Facilitate Flexible Financing
  • Buyer Procured 60% LTV Financing

Sale Specifics

  • Anchored by 99 Cents Only, Home Depot (NAP), Burlington Coat Factory (NAP), Sears Outlet (NAP)
  • 96,352 SF; 82% Occupied