Hanley Brown Group Awarded $7,850,000 Listing for Sale of Neighborhood Shopping Center in Huntington Beach, CA
February 04, 2006 (PRLEAP.COM) Business NewsIRVINE, CA – Hanley Brown Group Real Estate Advisors, one of the most dominant retail investment groups in Southern California and a market leader in the exclusive representation of owners in the sale of retail properties, announced today it has been awarded the exclusive listing to market Warner Springdale Plaza in Huntington Beach, California. Edward B. Hanley and Eric P. Wohl of Hanley Brown Group Real Estate Advisors have been named the listing agents.
Located at the southwest corner of Warner Avenue and Springdale Street, in the coastal city of Huntington Beach, Warner Springdale Plaza is anchored by 24 Hour Fitness, Del Taco and Weinerschnitzel. The 31,447-square-foot neighborhood center, built in 1976 and situated on 2.8 acres, features an outstanding mix of seasoned tenants that cater to surrounding businesses and residents.
The property is currently 85% occupied and 58% of the existing tenants have been in the center for eight years or more. Hanley Brown Group has the shopping center listed for $7,850,000 on behalf of the owner, Old West Center, LLC.
“The property features excellent accessibility within the community of Huntington Beach. With an opportunity to lease up the remaining vacant space, Warner Springdale Plaza offers a prospective investor a truly unique opportunity in today’s marketplace to purchase a coastal Orange County shopping center with limitless upside potential,” says Eric Wohl.
About Hanley Brown Group Real Estate Advisors
Hanley Brown Group Real Estate Advisors is one of the most dominant retail investment groups in Southern California and a market leader in the exclusive representation of owners in the sale of retail shopping centers. Based in Irvine, California, Hanley Brown Group is led by long-time industry veterans Edward B. Hanley and Gregory S. Brown, both designated CCIMs. As specialists in the sale of retail properties, Hanley Brown Group has earned a lasting reputation for its successful track record, investment expertise, dedication and integrity. For more information, visit the Company’s website at www.hanleybrown.com or call (949) 585-7610.
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