Hanley Investment sells strip center for $1,970,000

Irvine, Calif. Hanley Investment Group Real Estate Advisors, Irvine, Calif., said it represented the seller in the sale of a multi-tenant retail strip center in Bellflower, Calif.

The purchase price was $1,970,000, representing a 7.37% capitalization rate.

The 9,171-sq.-ft. Alondra Plaza was 100% occupied at the time of sale and included tenants Advance America and Domino’s Pizza.