Hanley Investment Group Negotiates Sale of Multi-Tenant Retail Center in Phoenix Metro...

Hanley Investment Group Negotiates Sale of Multi-Tenant Retail Center in Phoenix Metro Area

Strong Demand for Well-Located, Value-Add Retail Centers

CORONA DEL MAR, CALIF. – (RealEstateRama) — Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that Executive Vice President Eric Wohl negotiated the sale of 51st & Southern, a 15,498-square-foot multi-tenant retail property in the Phoenix metro area. The purchase price was $2,325,000.

Wohl represented the seller, a private investment company based in Scottsdale, AZ. Jenette Bennett of Kidder Mathews in Phoenix, AZ represented the buyer, a private investor from British Columbia, Canada.

The 2.26-acre retail strip center, which is located at 5035 W. Southern Avenue and 6115 S. 51st Avenue in Laveen, includes tenants Carniceria Mi Ranchito Market, MetroPCS, Kabob Express and Smoothie Run. The center is also shadow anchored by Burger King. The retail center was built in 2008, and was 92% occupied at the time of the sale.

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Built on a solid foundation of performance, integrity and dedication, Hanley Investment Group Real Estate Advisors is a boutique retail investment brokerage firm with a three billion dollar transaction track record that is comprised of innovative specialists delivering unparalleled service and superior results that consistently exceed client expectations.
Hanley Investment Group’s expertise, commitment and unwavering focus of putting the client’s needs first have continued to set the company apart in the industry. Hanley Investment Group works closely with individual investors, developers, and institutional property owners in every facet of the transaction to insure that the highest value is achieved.
Contact:
Phone: (949) 585-7610

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