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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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Hanley Investment Group Real Estate Advisors is a boutique real estate brokerage and advisory services company with a $6+ billion transaction track record that specializes in the sale of retail properties nationwide. Our expertise, proven track record, and unwavering dedication to putting clients' needs first, sets us apart in the industry.

Hanley Investment Group creates value by delivering exceptional results through the use of property-specific marketing strategies, cutting-edge technology, and local market knowledge. Our nationwide relationships with investors, developers, institutions, franchisees, brokers, and 1031 exchange buyers are unparalleled in the industry, translating into maximum exposure and pricing for each property. With unmatched service, Hanley Investment Group has redefined the experience of selling retail investment properties. For more information, visit www.hanleyinvestment.com.

Contact:
Phone: (949) 585-7610