The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
December 1, 2022
 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
SBH Real Estate Group Sells Trio of SoCal Properties in Deals Totaling $15 Mil

9/08/22

SBH Real Estate Group, led by Eric Silverman, recently sold three SoCal retail sites in separate deals totaling roughly $15 mil. The properties are in Covina and Gardena.

In Covina, SBH sold a 22k sf site located at 1477 N. Azusa Ave, at the southwest corner of Azusa and Arrow Hwy, for $4.6 mil. Pollo Campero recently signed a 15-year ground lease for the property. The tenant is currently wrapping up construction and is expected to open for business in September 2022.

The buyer, HB Property Management Inc, was represented by Moon Lim of JLL. SBH was repped by Matt Schwartz of Newmark.

SBH sold two assets in Gardena. In one of the deals, Masuda Investments LLC paid $6.9 mil for a 3k sf corporate 7-Eleven with gas on a 30k sf site located at 3121 Marine Ave.

7-Eleven signed a 15-year ground lease for the site and opened the new store in early 2022. The lease includes 10% rent bumps every five years and does not allow for early termination.

Jeremy McChesney of Hanley Investment represented Eric Silverman. Trevor Morse and Chris Kostanecki of CPPRE repped the buyer in the deal.

In the other Gardena transaction, SBH collected $3.5 mil for a 22k sf site at 15015 Crenshaw Blvd in Gardena. The tenant, Super Star Car Wash, recently signed a 25-year ground lease and opened for business in the first half of 2022 after investing over $3 mil in improvements.

Frank Choi of Win Realty & Properties Inc represented the buyer, KOAM Property Investment Inc. Jeremy McChesney of Hanley Investment repped Eric Silverman in the transaction.




Return to the previous 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 © 2022 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media