MULTI-TENANT RETAIL STRIP CENTER SELLS FOR $4.32 MILLION

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SANTA ANA, CALIF. — Hanley Investment Group Real Estate Advisors has brokered the sale of Home Place, a multi-tenant retail strip center in Santa Ana. Located at 1935 E. 17th St., the property sold for $4.32 million or $532 per square foot. The 8,116-square-foot center is tenanted by Union Bank, Cantaloop Yogurt, Ritz Nails and Dorazio Learning Center. James Kwon of Coldwell Banker Best Realty represented the buyer, Oh Family Trust; Carlos Lopez of Hanley Investment Group represented the seller, HPSC II LLC, an entity of Red Mountain Retail Group, in the transaction.

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