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?



RETAIL NEWS
Printer-friendly Version   Email an Associate
Robhana Group Makes $8 Mil Retail Buy in Lomita

2/01/21

Robhana Group purchased a NNN-leased retail property in Lomita for $8.2 mil. The property, located at 24911 S Western Ave, was sold by MGP IX PROPERTIES LLC, an entity of Merlone Geier Partners.

The property sits on more than two acres and consists of a freestanding, 26k sf building leased to Savers, a leading for-profit global thrift retailer with more than 300 store locations. The acquisition offers the new owner the opportunity to achieve an attractive current return with a continuation of the existing lease and potential upside through re-tenanting in the future or through future development on the unencumbered lot.

Alex Kozakov, Pat Wade and Matthew Greenberg of CBRE represented the seller in the transaction.

“This was an ideal, safe investment with the tenant responsible for most expenses and maintenance under the current lease,” said Kozakov. “The asset received multiple offers, and the total escrow length was only 35 days and closed all-cash.”





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