{"id":1004189680,"date":"2017-09-06T08:26:38","date_gmt":"2017-09-06T16:26:38","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004189680"},"modified":"2022-12-08T14:48:41","modified_gmt":"2022-12-08T22:48:41","slug":"hanley-brokers-well-anchored-retail-center-deal","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hanley-brokers-well-anchored-retail-center-deal\/","title":{"rendered":"Hanley Brokers Well-Anchored Retail Center Deal"},"content":{"rendered":"<p>By Roxana Baiceanu<\/p>\n<div id=\"attachment_1004189683\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Seco-Canyon-Village-Los-Angeles.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004189683\" data-attachment-id=\"1004189683\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/hanley-brokers-well-anchored-retail-center-deal\/seco-canyon-village-los-angeles\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Seco-Canyon-Village-Los-Angeles.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Seco Canyon Village, Los Angeles\" data-image-description=\"&lt;p&gt;Seco Canyon Village, Los Angeles&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Seco Canyon Village, Los Angeles&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Seco-Canyon-Village-Los-Angeles.jpg?w=800\" class=\"wp-image-1004189683 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Seco-Canyon-Village-Los-Angeles.jpg\" alt=\"Seco Canyon Village, Los Angeles\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Seco-Canyon-Village-Los-Angeles.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Seco-Canyon-Village-Los-Angeles.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Seco-Canyon-Village-Los-Angeles.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004189683\" class=\"wp-caption-text\">Seco Canyon Village, Los Angeles<\/p><\/div>\n<p>Hanley Investment Group continues to be very active in the Los Angles Metro area. After having recently closed several <a href=\"https:\/\/www.commercialsearch.com\/news\/hanley-arranges-22m-inland-empire-retail-sale\/\">retail deals in Riverside<\/a>, Lake Elsinore and Corona, Calif., the firm brokered a new transaction in Santa Clarita, Calif. The 42,134-square-foot Seco Canyon Village changed hands for $15.5 million, being bought by a family trust based in Beverly Hills. \u00a0<\/p>\n<p>Hanley\u2019s President Ed Hanley and Executive Vice President Kevin Fryman represented both the seller, a private investor, and the 1031 exchange buyer in the deal. Since 2005 when the shopping center was completed, the property has been anchored by a CVS store with a drive-through pharmacy component, which makes it a valuable asset.<\/p>\n<p>\u201c<em>Other than single-tenant net-leased assets, grocery- and drug-anchored shopping centers continue to be one of the most sought-after retail investments in today\u2019s market,<\/em>\u201d said Hanley in prepared remarks. \u201c<em>Based on the response that we received from the market, it is clear that buyer demand for well-anchored shopping centers in Los Angeles County continues to remain high.<\/em>\u201d<\/p>\n<h2>Strong fundamentals<\/h2>\n<p>The property, which is 96 percent occupied, is located in an affluent neighborhood on the southwest corner of Seco Canyon Road and Copperhill Drive, less than 40 miles from downtown Los Angeles. The average household income within one mile of the shopping center exceeds $130,000.<\/p>\n<p>The retail center\u2019s 4.5 acre plot is divided into three separate parcels including the stand-alone drive-thru pharmacy, which allows the owner to separately sell the CVS ground lease after paying off the loan. Other lease holders include AIM Mail Center, Papa John\u2019s Pizza, Verizon Wireless and Supercuts, which plan to become long-term tenants. \u00a0<\/p>\n<p><em>Image courtesy of Hanley Investment Group<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 42,134-square-foot shopping center is located in Santa Clarita, Calif., and boasts a 96 percent occupancy. The anchor tenant is a CVS store with a stand-alone drive-thru pharmacy.<\/p>\n","protected":false},"author":1064,"featured_media":1004189683,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,1594,21742,21749,15],"tags":[33902],"class_list":["post-1004189680","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-los-angeles","category-latest","category-retail","category-west","tag-hanley-investment-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Hanley Brokers Well-Anchored Retail Center Deal - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/hanley-brokers-well-anchored-retail-center-deal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hanley Brokers Well-Anchored Retail Center Deal\" \/>\n<meta property=\"og:description\" content=\"The 42,134-square-foot shopping center is located in Santa Clarita, Calif., and boasts a 96 percent occupancy. The anchor tenant is a CVS store with a stand-alone drive-thru pharmacy.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/hanley-brokers-well-anchored-retail-center-deal\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-09-06T16:26:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T22:48:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Seco-Canyon-Village-Los-Angeles.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gabriel Circiog\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hanley-brokers-well-anchored-retail-center-deal\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/hanley-brokers-well-anchored-retail-center-deal\/\",\"name\":\"Hanley Brokers Well-Anchored Retail Center Deal - 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