Hanley Investment Group Negotiates $14.8 Million Sale of Cardenas Markets Grocery Store in Metro Los Angeles

Whittier, Calif. — Hanley Investment Group has negotiated the $14.8 million sale of a new Cardenas Market in Whittier. The store opened in July 2020 and is situated at 11750 Whittier Blvd., 13 miles southeast of downtown Los Angeles. The Ontario, California-based grocer now operates 53 stores under the Cardenas Market banner and an additional seven stores under the Cardenas Ranch Market banner. An undisclosed private investor based in Los Angeles County acquired the 34,642-square-foot property at a 5.03 percent cap rate. Carlos Lopez and Lee Csenar of Hanley Investment Group represented the seller, a private investor based in Hawaii, in the transaction. Gary Stache, Director Doug Mack and Chris Martin of CBRE represented the buyer.