{"id":1004231372,"date":"2018-05-22T11:31:54","date_gmt":"2018-05-22T19:31:54","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004231372"},"modified":"2022-12-09T01:51:36","modified_gmt":"2022-12-09T09:51:36","slug":"hanley-investment-completes-sale-of-la-retail","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hanley-investment-completes-sale-of-la-retail\/","title":{"rendered":"Hanley Investment Completes Sale of LA Retail"},"content":{"rendered":"<p>By Evelyn Jozsa<\/p>\n<div id=\"attachment_1004231374\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/IMG_4605_1000x600.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004231374\" data-attachment-id=\"1004231374\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/hanley-investment-completes-sale-of-la-retail\/img_4605_1000x600\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/IMG_4605_1000x600.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;1.8&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;iPhone X&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1526502505&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;4&quot;,&quot;iso&quot;:&quot;20&quot;,&quot;shutter_speed&quot;:&quot;0.0005&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"13916 Garvey Ave., Baldwin Park, Calif.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;13916 Garvey Ave., Baldwin Park, Calif. &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/IMG_4605_1000x600.jpg?w=800\" class=\"wp-image-1004231374\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/IMG_4605_1000x600.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/IMG_4605_1000x600.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/IMG_4605_1000x600.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/IMG_4605_1000x600.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004231374\" class=\"wp-caption-text\">13916 Garvey Ave., Baldwin Park, Calif.<\/p><\/div>\n<p>Hanley Investment Group Real Estate Advisors has arranged the sale of a 6,777-square-foot retail pad building in Baldwin Park, Calif. The asset changed hands for $8.3 million, which equates to $1,225 per square foot. The cap rate was 4.3 percent. Hanley Investment represented the seller, an Orange County-based private developer and Secured Properties worked on behalf of the buyer, a 1031 exchange private investor based in Los Angeles.<\/p>\n<p>The retail asset occupies 1.3 acres at 13916 Garvey Ave., alongside Interstate 10 on a pad shadow-anchored by LA Fitness, at the intersection of Garvey and Vineland Avenue. The location offers exposure to approximately 220,000 cars each day. Built in 2017, the multi-tenant property hosts The Coffee Bean &amp; Tea Leaf with drive-through, Chipotle, Jersey Mike\u2019s Subs and WaBa Grill.<\/p>\n<p><em>\u201cWe generated multiple qualified offers and selected an experienced 1031 exchange buyer based in Southern California who had owned other similar assets in his portfolio in the past,\u201d <\/em>said Bill Asher, executive vice president of Hanley Investment Group, in prepared remarks. <em>\u201cWe secured premium pricing that was 30-60 basis points better regarding cap rate than most of the other offers.\u201d<\/em><\/p>\n<p>Hanley&#8217;s 2018 has been off to a busy start for retail sales in California. Last month, the company represented the seller in the <a href=\"https:\/\/www.commercialsearch.com\/news\/hanley-arranges-sale-of-ca-shopping-center\/\">$20.7 million disposition of\u00a0La Verne Courtyard<\/a>, an ALDI and Orchard Supply Hardware-anchored shopping center in La Verne, Calif.<\/p>\n<p><em>Image courtesy of Hanley Investment Group<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company represented the seller, an Orange County-based developer, in the disposition of a 6,777-square-foot retail pad building shadow-anchored by LA Fitness. <\/p>\n","protected":false},"author":871,"featured_media":1004231374,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,1594,21742,21749,15],"tags":[33536,33902],"class_list":["post-1004231372","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-los-angeles","category-latest","category-retail","category-west","tag-1031-exchange","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 Investment Completes Sale of LA Retail - 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-completes-sale-of-la-retail\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hanley Investment Completes Sale of LA Retail\" \/>\n<meta property=\"og:description\" content=\"The company represented the seller, an Orange County-based developer, in the disposition of a 6,777-square-foot retail pad building shadow-anchored by LA Fitness.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/hanley-investment-completes-sale-of-la-retail\/\" \/>\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=\"2018-05-22T19:31:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T09:51:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/IMG_4605_1000x600.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=\"Evelyn Jozsa\" \/>\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-investment-completes-sale-of-la-retail\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/hanley-investment-completes-sale-of-la-retail\/\",\"name\":\"Hanley Investment Completes Sale of LA Retail - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hanley-investment-completes-sale-of-la-retail\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hanley-investment-completes-sale-of-la-retail\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/IMG_4605_1000x600.jpg\",\"datePublished\":\"2018-05-22T19:31:54+00:00\",\"dateModified\":\"2022-12-09T09:51:36+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7a1fad8f1e02fa4d8f81f7e9ad21736a\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hanley-investment-completes-sale-of-la-retail\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/hanley-investment-completes-sale-of-la-retail\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hanley-investment-completes-sale-of-la-retail\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/IMG_4605_1000x600.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/IMG_4605_1000x600.jpg\",\"width\":800,\"height\":620,\"caption\":\"13916 Garvey Ave., Baldwin Park, Calif.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hanley-investment-completes-sale-of-la-retail\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Hanley Investment Completes Sale of LA Retail\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7a1fad8f1e02fa4d8f81f7e9ad21736a\",\"name\":\"Evelyn Jozsa\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Evelyn-Jozsa-1.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Evelyn-Jozsa-1.jpg?w=96\",\"caption\":\"Evelyn Jozsa\"},\"description\":\"Evelyn is a creative writer covering commercial real estate trends and insights in the U.S. Evelyn was previously a senior associate editor at Multi-Housing News and Commercial Property Executive. She has an academic background in Journalism and Irish Studies. Evelyn has been covering the CRE industry since 2017. Reach her via email.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/evelynjozsa\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Hanley Investment Completes Sale of LA Retail - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/hanley-investment-completes-sale-of-la-retail\/","og_locale":"en_US","og_type":"article","og_title":"Hanley Investment Completes Sale of LA Retail","og_description":"The company represented the seller, an Orange County-based developer, in the disposition of a 6,777-square-foot retail pad building shadow-anchored by LA Fitness.","og_url":"https:\/\/www.commercialsearch.com\/news\/hanley-investment-completes-sale-of-la-retail\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2018-05-22T19:31:54+00:00","article_modified_time":"2022-12-09T09:51:36+00:00","og_image":[{"width":800,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/IMG_4605_1000x600.jpg","type":"image\/jpeg"}],"author":"Evelyn Jozsa","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/hanley-investment-completes-sale-of-la-retail\/","url":"https:\/\/www.commercialsearch.com\/news\/hanley-investment-completes-sale-of-la-retail\/","name":"Hanley Investment Completes Sale of LA Retail - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/hanley-investment-completes-sale-of-la-retail\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/hanley-investment-completes-sale-of-la-retail\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/IMG_4605_1000x600.jpg","datePublished":"2018-05-22T19:31:54+00:00","dateModified":"2022-12-09T09:51:36+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7a1fad8f1e02fa4d8f81f7e9ad21736a"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/hanley-investment-completes-sale-of-la-retail\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/hanley-investment-completes-sale-of-la-retail\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/hanley-investment-completes-sale-of-la-retail\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/IMG_4605_1000x600.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/IMG_4605_1000x600.jpg","width":800,"height":620,"caption":"13916 Garvey Ave., Baldwin Park, Calif."},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/hanley-investment-completes-sale-of-la-retail\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Hanley Investment Completes Sale of LA Retail"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7a1fad8f1e02fa4d8f81f7e9ad21736a","name":"Evelyn Jozsa","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Evelyn-Jozsa-1.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Evelyn-Jozsa-1.jpg?w=96","caption":"Evelyn Jozsa"},"description":"Evelyn is a creative writer covering commercial real estate trends and insights in the U.S. Evelyn was previously a senior associate editor at Multi-Housing News and Commercial Property Executive. She has an academic background in Journalism and Irish Studies. Evelyn has been covering the CRE industry since 2017. Reach her via email.","url":"https:\/\/www.commercialsearch.com\/news\/author\/evelynjozsa\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/IMG_4605_1000x600.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004231372","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/871"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004231372"}],"version-history":[{"count":3,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004231372\/revisions"}],"predecessor-version":[{"id":1004231516,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004231372\/revisions\/1004231516"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004231374"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004231372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004231372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004231372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}