This transaction is a prime example of California investors exchanging out of locally-owned retail property and buying out of state, where they feel they can get more for their money.
The Hanley Investment Group Advantage
- Leveraged the Firms Relationship to Match Buyer and Seller without Formally Marketing Property
- California 1031 Exchange Buyer
Sale Specifics
- Shops to a CVS/pharmacy
- Brand New Construction
- Sits at the Signalized Intersection of University and Bulldog at the Entrance of BYU University
- 13,545 SF of National Tenant Food Users
- All Tenants had a Minimum of 5 Years with Rent Increases