Hanley Brown Group Represent Buyer & Seller in Sale of In-line Shop Space at Fullerton Marketplace for $4.4 Million

IRVINE, 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 shopping centers, announced today Jeremy S. McChesney of Hanley Brown Group represented the buyer and seller in the sale of nearly 11,800 square feet of in-line shop space located immediately adjacent to Albertsons at the Fullerton Marketplace in Fullerton, California. The purchase price was $4.4 million.

Built in 1991, Fullerton Marketplace is a well-located neighborhood shopping center situated at the southeast corner of Orangethorpe Avenue and Euclid Street in the City of Fullerton. Anchored by Albertsons (was not a part of offering), Fullerton Marketplace features six tenants including Sally Beauty and Supercuts.

“This transaction represented a historically low cap rate for a multi-tenant shop sale in the City of Fullerton,” says McChesney. “At $374 per square foot, we produced multiple offers for a property that featured 100 percent occupancy, had exceptional frontage along two major thoroughfares, and included an excellent mix of local and regional tenants.”

The seller was Wang Trust of Orange County, California and the buyer was Clayton Trust out of Los Angeles County.


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.