A private investor paid $1.88 mil for a 2.9k sf ($648/sf) 7-Eleven in Denver, CO. The purchase price works out to a 4.60% capitalization rate for the single-tenant, NNN-leased property, one of the lowest for a single-tenant 7-Eleven on record in the state of Colorado. The 7-Eleven, which was built in 2012, is situated on […]
Denver 7-Eleven Sells at 4.6% Cap Rate Read More »
IRVINE, CA— With historically low interest rates and rising values, private and institutional capital are competing for quality retail assets. Hanley Investment Group has closed 20 deals within the last 30 days, totaling $150 million. “We anticipate the demand to acquire well-located grocery/drug-anchored shopping centers, single-tenant credit retail and high-profile retail properties in established commercial
Hanley Investment Group Sells $150M of Retail Centers Read More »
IRVINE, CA—With historically low interest rates and rising values, private and institutional capital are competing for quality retail assets. Hanley Investment Group has closed 20 deals within the last 30 days, totaling $150 million. “We anticipate the demand to acquire well-located grocery/drug-anchored shopping centers, single-tenant credit retail and high-profile retail properties in established commercial business
HANLEY INVESTMENT GROUP SELLS $150M OF RETAIL CENTERS Read More »
Here’s the scoop on two single-tenant NNN bank property sales in SoCal totaling more than $12.5 mil. The properties are located in Culver City and Laguna Hills. In Culver City, a single-tenant NNN Wells Fargo Bank at 10011 Washington Blvd, located directly across the street from the headquarters of Sony Pictures Entertainment Studios, traded at
SoCal Single-Tenant Bank Properties Trade at Cap Rates Near or Below 4% Read More »
Solana Beach-based MCS Guardian Properties LLC acquired Mission Village, a 53k sf shopping center in Fresno for $8.05 mil ($152/sf). The center is anchored by a new 24-Hour CVS/pharmacy (NAP). Mission Village shopping center is situated on 5.2 acres at the signalized intersection of Shaw Ave and Fresno St, at 335-393 E. Shaw Ave, 4965
Fresno Retail Property Sells for $8 Mil Read More »
A private investor from Arcadia, CA purchased The Shops at Library Court, a high-profile, mixed-use development in Los Angeles, for $6.95 mil. Located at 630 W. 6th St, the property is situated just west of Grand Ave, in the heart of the Financial District in Downtown L.A. It consists of 9.9k sf of highly visible
High-Profile Res/Retail Asset in Downtown Los Angeles Trades Hands Read More »
IRVINE, CA-Edward Hanley, president of the Hanley Investment Group, says there’s no place he’d rather be right now than in the retail sector. In an exclusive interview, he tells GlobeSt.com that this is particularly true if you’re trafficking in the net lease sector, calling it the “Number-one investment product for private capital.” Q: We’ve heard a lot
The Incredible Net Lease Dynamic Read More »
LAS VEGAS—Irvine, CA-based Hanley Investment Group is one of the firms at the forefront of single-tenant retail investment in the U.S. Eric Wohl, President of HIG NNN, the single-tenant net-lease division of Hanley Investment Group, told us about some of the trends he sees in this hot area of retail. He shares the tenants making
Single-Tenant Retail Not Slowing Down Read More »
IRVINE, CA—Retail investors are keeping a watchful eye on the grocery-store category, and historically low interest rates are dictating pricing for investment opportunities. GlobeSt.com spoke with president Edward Hanley and managing director Bill Asher of locally based Hanley Investment Group to discuss how these two topics are impacting the retail sector as a whole and where the smart investments are. GlobeSt.com: How
Rates Play Havoc With Single-Tenant Sector Read More »
Investors want SoCal retail properties and they want them now, says Hanley Investment Group managing director Bill Asher, based in Irvine. (They’re like kids in a candy store, except they’re kids who want to buy the candy store.) First of all, because everybody else wants retail, Bill explains (just like high school, except multimillion-dollar deals). Whether its single-tenant net leased, grocery
