Amusement Industry Inc. of Long Beach acquired the property from Santa Ana-based UNT Atia Co. in a transaction that was brokered by Edward B. Hanley and Eric P. Wohl of Hanley Investment Group, who represented both the buyer and the seller. The Hanley brokers note that the four-building shopping center is situated at the high traffic intersection of Harbor Blvd. and Edinger Ave. on a parcel of nearly four acres.
The property was built in 1985 and renovated in 2006. Its 21 tenants include Sizzler, OC Auto Sound, Priority Staffing, Panda Bowl and Subway.
Eric Wohl, VP at Hanley Investment, calls the deal "an incredible opportunity to acquire a multi-tenant shopping center with future upside potential in a prime Orange County location." He adds that the buyer "has an excellent opportunity to increase below-market rents at a property that is in great condition."
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