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VantageOne Secures Two 1031 Buyers at 100% of Asking Prices
Two multi-tenant retail properties totaling 27,719 square feet near Highway 71 at the Grand Avenue entrance/exit in Chino Hills, CA recently sold for a combined value of $19.07 million. Both retail investments sold at asking price to separate buyers.
Hanley Investment Group Real Estate Advisors’ president Ed Hanley and executive vice presidents Bill Asher and Jeff Lefko represented the seller, VantageOne Real Estate Investments of Newport Beach in both transactions.
“Investor demand for well-located multi-tenant retail properties has been at unprecedented levels in the second half of 2021,” said Asher. “We generated many competitive and qualified offers on both Chino Hills Grand Plaza and Gateway Village, and secured two separate Southern California-based 1031 exchange buyers at 100 percent of the asking prices for both assets.”
- ◦Sale/Acquisition
