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Ukiah Crossroads Shopping Center Sold in 1031 Exchange

By Tony Seruga

A San Pedro-based investor has acquired the Mendocino County shopping center from a Santa Monica-based entity.

Ukiah, Calif.—The Ukiah Crossroads shopping center was recently sold with the help of Hanley Investment Group Real Estate Advisors. The deal was handled by company President Ed Hanley and Senior Vice President Kevin Fryman on behalf of both parties. Seller Columbus Pacific Properties out of Santa Monica received $15.1 million in the 1031 exchange with a San Pedro, Calif., private investor.

Located at 1307-1399 N. State St. and 180-200 Ford Road in Ukiah, the shopping center offers 106,460 square feet of space. The grocery-anchored shopping center is operating at only 2 percent vacancy in an area that has a combined population of 113,000…

Ukiah Crossroads Shopping Center Sold in 1031 Exchange

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