Hanley Investment Group Arranges $6M Sale of Two Retail Pads Near Los Angeles
LANCASTER, CALIF. — Hanley Investment Group Real Estate Advisors has directed the sale of two multi-tenant pads adjacent to the Walmart Supercenter in Lancaster, approximately 70 miles north of downtown Los Angeles. San Diego-based The Niki Group and Costa Mesa, Calif.-based Wood Investment Cos. sold the properties to a Los Angeles-based private buyer for $6 million.
Eric Wohl, Ed Hanley and Andrew Cunningham of Hanley Investment Group represented the sellers, while James Chin of Los Angeles-based Realtex Properties represented the buyer in the deal.
Built in 2003, the fully occupied buildings total 13,760 square feet. AT&T, Papa John’s, Advance America and Mi Ranchito Mexican Bar & Grill occupy the 7,500-square-foot Pad B building, which is located at 1721 E. Avenue J. Panda Express, Smoke Rings, GameStop and It’s a Grind occupy the 6,260-square-foot Pad G building, located at 44421 20th St. East.