We were able to procure a highly qualified 1031 Exchange buyer that understood the leasehold characteristic of the property and was capable of assuming an existing CMBS loan with over 11 years remaining.
The Hanley Investment Group Advantage
- Sourced 1031 Southern California Exchange Buyer
- Buyer Assumed Existing Highly Leveraged CMBS Loan
- Structured Buyer Releasing Non-Refundable Deposit to Seller Prior to Formal Loan Assumption Approval
- Hanley Investment Group was the 4th Broker to List the Property and the Only Broker to Successfully Sell the Property
- Leasehold Interest Community Center
- 105,000 SF; 90% Occupancy
- 60+ Years Remaining on Ground Lease (Including Options)
- Anchored by Ashley Furniture, Michaels and BevMo!
- Directly Across from the Antelope Valley Mall