{"id":1004210728,"date":"2018-03-20T07:54:45","date_gmt":"2018-03-20T15:54:45","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004210728"},"modified":"2022-12-08T03:30:41","modified_gmt":"2022-12-08T11:30:41","slug":"hanley-investment-group-arranges-sale-of-sacramento-retail-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hanley-investment-group-arranges-sale-of-sacramento-retail-center\/","title":{"rendered":"Hanley Investment Group Arranges Sale of Sacramento Retail Center"},"content":{"rendered":"<p>By Alex Ciorogar<\/p>\n<div id=\"attachment_1004210730\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Westlake-Village.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004210730\" data-attachment-id=\"1004210730\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/hanley-investment-group-arranges-sale-of-sacramento-retail-center\/westlake-village-dusk\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Westlake-Village.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;7.1&quot;,&quot;credit&quot;:&quot;Ferretti Photography&quot;,&quot;camera&quot;:&quot;Canon EOS 60D&quot;,&quot;caption&quot;:&quot;Photos of Westlake Village at dusk. Commerical property for sale in Sacramento, CA. Ferretti Photography.&quot;,&quot;created_timestamp&quot;:&quot;1504813023&quot;,&quot;copyright&quot;:&quot;Ferretti Photography&quot;,&quot;focal_length&quot;:&quot;15&quot;,&quot;iso&quot;:&quot;100&quot;,&quot;shutter_speed&quot;:&quot;0.066666666666667&quot;,&quot;title&quot;:&quot;Westlake Village - Dusk&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Westlake Village\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Westlake Village&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Westlake-Village.jpg?w=800\" class=\"wp-image-1004210730 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Westlake-Village.jpg\" alt=\"Westlake Village\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Westlake-Village.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Westlake-Village.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Westlake-Village.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004210730\" class=\"wp-caption-text\">Westlake Village<\/p><\/div>\n<p>Donahue Schriber Realty Group has sold Westlake Village, a 31,980-square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/ncc-closes-33m-sale-of-sacramento-retail-center\/\">retail center in Sacramento<\/a>, Calif., located at 3501-3511 Del Paso Road. The sale also included an additional 4-acre site prone to future development.<\/p>\n<p>Hanley Investment Group Real Estate Advisors Executive Vice President Bill Asher, President Ed Hanley and Ten-X represented the seller, while Associate Eric Vu represented the buyer, a family trust from San Francisco\u2019s East Bay which traded out of a northern California-based retail property to fulfill a 1031 exchange.<\/p>\n<p>Situated in the North Natomas community, the one-story property was built in 2007. According to Property Shark, the Sacramento County assessor\u2019s office most recently evaluated the property at approximately $5 million. The asset was 92-percent occupied at the time of the sale. Anchored by Walgreens, other tenants include Chase Bank, Allstate Insurance, AIM Mail Center, Creative Nails Spa, Donahue Schriber, Subway and Westlake Hair Studio.<\/p>\n<p><em>\u201cWestlake Village offered a unique opportunity to acquire a shopping center featuring a historical stable income stream with a value-add component to lease-up the remaining available space of the existing center,\u201d<\/em> said Asher in prepared remarks.<\/p>\n<p>Golden State Highway and West Side Freeway are both easily accessible from the property. Natomas Pacific Pathways Prep School and Avanti Apartment Homes are also located nearby.<\/p>\n<p><em>Image courtesy of Hanley Investment Group Real Estate Advisors<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Situated in the North Natomas community, the one-story property was sold in an off-market transaction. The asset was recently evaluated at approximately $5 million.<\/p>\n","protected":false},"author":928,"featured_media":1004210730,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21742,21749,36080,15],"tags":[34558,33902,39341],"class_list":["post-1004210728","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-latest","category-retail","category-sacramento","category-west","tag-donahue-schriber-realty-group","tag-hanley-investment-group","tag-imt-westlake-village"],"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 Investment Group Arranges Sale of Sacramento Retail Center - 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-investment-group-arranges-sale-of-sacramento-retail-center\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hanley Investment Group Arranges Sale of Sacramento Retail Center\" \/>\n<meta property=\"og:description\" content=\"Situated in the North Natomas community, the one-story property was sold in an off-market transaction. 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