Free press releases distribution network?

Agency / Source: Monaghan Communications

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



Hanley Investment Group Sells New Single-Tenant Walgreens in Victorville, California at 5.69% Cap Rate - William B. Asher and Patrick G. Kent of Hanley Investment Group Real Estate Advisors represented the seller in the sale of a single-tenant Walgreens at 15318 Roy Rogers Drive in Victorville, Calif. The reported cap rate was 5.69% - HanleyInvestment.com
Hanley Investment Group Sells New Single-Tenant Walgreens in Victorville, California at 5.69% Cap Rate

 

PRZOOM - /newswire/ - Irvine, CA, United States, 2012/04/23 - William B. Asher and Patrick G. Kent of Hanley Investment Group Real Estate Advisors represented the seller in the sale of a single-tenant Walgreens at 15318 Roy Rogers Drive in Victorville, Calif. The reported cap rate was 5.69% - HanleyInvestment.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Real Estate/Property Management Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Hanley Investment Group Real Estate Advisors, one of the most dominant retail investment groups in the western United States and a market leader in the sale of retail properties, announced today that William B. Asher and Patrick G. Kent represented the seller in the sale of a single-tenant Walgreens in Victorville, Calif. The purchase price was not disclosed. The reported cap rate was 5.69%.

Located at 15318 Roy Rogers Drive in Victorville, the 14,740-square-foot freestanding building (including a drive-thru) is situated on a 1.31-acre parcel of land. The building, which is leased to Walgreens for an initial 25-year lease term with ten 5-year options, was built in 2011 and is a part of Desert Sun Plaza, which is anchored by Winco Foods.

“At a 5.69% cap rate, the sale represents the lowest cap rate for a single-tenant drug store in southern California in over 3 years,” said William B. Asher, managing director at Hanley Investment Group. “The demand for single-tenant credit retail investments, specifically newly built drugstores like a Walgreens, remains one of the most sought after investments in today’s market, especially in California.”

“We procured an all cash buyer that closed escrow in approximately 2 weeks,” said Patrick G. Kent, senior vice president at Hanley Investment Group. “The buyer, who fulfilled a 1031 exchange with the acquisition, opened escrow non-contingent with a significant deposit to secure the deal.”

Asher notes the sale of the Walgreens in Victorville represents the seventh single-tenant Walgreens in southern California that Hanley Investment Group has sold in the last year; the most by any brokerage company in southern California in 2011-2012.

The buyer, a family trust from Solvang, Calif., was represented by Vince Schwab at Marcus & Millichap in San Francisco. The seller was AMROYCIV, LLC, based in Newport Beach, Calif.

About Hanley Investment Group Real Estate Advisors

Built on a solid foundation of performance, integrity and dedication, Hanley Investment Group Real Estate Advisors (hanleyinvestment.com) 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. Clients rely on Hanley Investment Group to be the most knowledgeable and trusted source for valuation services, market information and retail property acquisitions and dispositions.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Real Estate/Property Management Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: Monaghan Communications

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Real Estate/Property Management articles,
CATCH Visitors via Your Competitors Announcements!


Hanley Investment Group Sells New Single-Tenant Walgreens in Victorville, California at 5.69% Cap Rate

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
|
Contact: Anne Monaghan - MonaghanPR.com 
949-585-7610 anne[.]MonaghanPR.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Monaghan Communications securities in any jurisdiction including any other companies listed or named in this release.

Real Estate/Property Management via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From Monaghan Communications / Company Profile


Read Real Estate/Property Management Most Recent Related Press Releases:

Ede Costa Team Joins Berkshire Hathaway HomeServices California Properties
Berkshire Hathaway HomeServices California Properties Opens New Office in Brea
Berkshire Hathaway HomeServices Nevada Properties Opens New Southwest Las Vegas Office
Homenova, Inc. Launches A Website for Private Home Sales
Westcorp CFO Named Top Tech Exec in Nevada
Berkshire Hathaway HomeServices California Properties Names Larry Tait Yorba Linda Branch Manager
Americana Holdings Forms Alliance with ListHub Global in Three States
Manhattan Boutique Real Estate Joins South China’s Leading Luxury Property Show
Approved Mortgage Reviewed by Global Research Firm Great Place To Work®
SoloPro Secures $1.1M in First Round Funding

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  NAKIVO, Inc.

Visit  JobsWare.com

Visit  BizJobs.com







 
  ©2016 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today