The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
March 29, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



ETC... ETC...
Printer-friendly Version   Email an Associate
Westlake Village Smart & Final Sells for $22.5 Mil

3/19/21

A 50.2k sf, NNN-leased Smart & Final grocery store in Westlake Village sold for $22.525 mil, or $448/sf. The asset is located within the Westlake Village Marketplace shopping center, across the street from Westlake Business Park and one mile from the Ventura Freeway/U.S. 101.

The location is surrounded by 27 acres of national retailers and big box stores, including Costco, Target, TJ Maxx, Staples and Michaels. There are approximately 37,200 people living within a five-mile radius and the average annual household income is $171,000. The property is 13 miles from the San Fernando Valley, 17 miles from Malibu and 40 miles from Downtown Los Angeles.

Lior Regenstreif with Marcus & Millichap represented the seller, Riverside Villas LLC. According to Regenstreif, approximately 12.5k sf of this property is sub-tenanted to Dollar Tree on a 10-year triple-net lease. Smart & Final is responsible for all aspects of the subtenancy.





Return to the Archive page


 
 


 
 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media