|
• Moreno Valley Retail Asset Generates $21 Mil Sale
6/10/22
Moreno Beach Plaza II, an 82.3k sf retail center in Moreno Valley, traded hands in a recent $21 mil ($255/sf) deal. The property, located at 27610 Eucalyptus Ave, consists of three single-tenant parcels, a multi-tenant pad bu...
|
• Mammoth Lakes Retail Property Gets New Owner in $8.9 Mil Deal
6/09/22
Mammoth Main Street Promenade, a 42.8k sf shopping center located in the heart of Mammoth Lakes, CA, was purchased for $8.85 mil ($207/sf) by an OC-based 1031 exchange investor.
Built in 1988, Mammoth Main Street Promenade i...
|
• Inland Empire Cardenas Market Trades at 4.74% Cap Rate
6/07/22
A 43.4k sf, single-tenant net-leased investment occupied by Cardenas Markets in San Bernardino sold for $8.23 mil ($190/sf). The building, located within the fully leased Sterling Plaza shopping center in San Bernardino, trad...
|
• Agora Realty and Management Pays $285/sf for Sacramento Area Retail Center
6/06/22
Agora Realty and Management purchased Antelope Marketplace, a 115.5k sf retail center located at 7901 Walerga Road in Antelope, a suburb of Sacramento, for $33 mil ($285/sf). The property was sold by Philips Edison & Company....
|
• NY-Based Investor Pays $117/sf for CO Retail Center
6/03/22
A New York City-based investor spent $12.15 mil for Erindale Square, a 103.6k sf ($117/sf), open-air retail center located at 5881-5975 North Academy Blvd in Colorado Springs. The 29-unit retail center sits on a 6.93-acre par...
|
• SoFi Stadium-Adjacent Dev Site Fetches $11 Mil
6/02/22
A 40.6k sf development site adjacent the new SoFi Stadium in Inglewood sold for $10.99 mil, or $270/sf.
The site, surrounded by several new sports and entertainment-themed projects, is a prime candidate for redevelopment as...
|
• ZDI Inc Buys 29k sf Retail Property in Bakersfield
6/02/22
A SoCal-based ZDI Inc entity paid $8.1 mil for a 29.4k sf ($275/sf), 100% leased retail asset in Bakersfield. The property has long been anchored by a major office supply retailer since it was built in 2005, and the remaining...
|
• Southeast Valley Site in Phoenix Acquired for New Car Wash Development
6/01/22
A 2.5-acre lot at the corner of Hunt Hwy and Ellsworth in Phoenix’ Southeast Valley traded for $2.095 mil. The land was purchased by Cobblestone Phoenix Propco LLC, who will use it for development of a brand-new Cobblestone A...
|
• Multi-Tenant Retail Property in Phoenix Sells for Just Under $200/sf
5/27/22
Plaza 59, a 32.1k sf multi-tenant shopping center in Phoenix, was acquired by a private investor for $6.25 mil ($195/sf) in an off-market transaction. The seller was a Scottsdale-based private investor.
At the time of sale, ...
|
• Ventura County Retail Center Lands $24 Mil Refi
5/25/22
Village at Moorpark, a 129k sf suburban retail center in the Ventura County city of Moorpark, was just refinanced by its private investor owner with a new loan for $24 mil. The refi was arranged by Gantry.
The property, loc...
|
• Red Mountain Group Closes $42 Mil Retail Buy in the Inland Empire
5/17/22
In a SoCal retail buy, Red Mountain Group purchased Country Fair Shopping Center, a 168.3k sf, multi-tenant neighborhood shopping center in Chino, for $42.25 mil, or $251/sf. The property was sold by a publicly traded real es...
|
• Arizona Retail Center Goes for $14 Mil
5/17/22
Coldwater Plaza, an 80.6k sf retail center shadow-anchored by Home Depot and Sam’s Club and located in Avondale, AZ, traded for $14 mil, or $174/sf. The property was sold by the original developer, WM Grace Companies, who bui...
|
• CenterSquare Investment Management Picks Up 44k sf Sacramento Area Retail Center
5/16/22
CenterSquare Investment Management paid $17.25 mil for Waterman Grove Plaza, a 44.1k sf ($391/sf), value-add retail strip center in the growing Sacramento-area community of Elk Grove. The property was sold by Pacific Castle M...
|
• Vestar and DMB Development to Build Retail Development as Part of Buckeye, AZ Master-Planned Community
5/12/22
Vestar has teamed up with DMB Development, the master developer of Verrado, an 8,800-acre master-planned community, to create a dynamic retail center at the front door of the Verrado community in Buckeye, AZ.
The retail deve...
|
• South OC Retail Center Trades for Over $400/sf
5/09/22
La Paz Village, a 54.6k sf neighborhood shopping center in Laguna Hills, traded for $23.5 mil, or $430/sf. The center opened in 1974 and was refurbished in 2012. The tenant roster reflects the everyday living needs of the com...
|
• Inland Empire Strip Center Gets New Owner in Private Investor Exchange Deal
5/05/22
In a retail sales comp from the Inland Empire, Golden Sands Plaza, a 10.1k sf property in San Bernardino, sold for $1.1 mil, or $109/sf. The property, located at 1090 W Highland Ave, is considered a value-add opportunity.
Bu...
|
• Ground Lease for Two-Restaurant Property in San Luis Obispo Sells for Over $3.7 Mil
5/02/22
The ground lease (land ownership) of a 3.6k sf, two-tenant, two-building property in San Luis Obispo traded in a recent $3.725 mil transaction. We’re told this sale sets a record-low cap rate of 4.84% and highest price per sq...
|
• Washington Power Center Goes for Over $18 Mil
4/28/22
Transnational Management paid $18.4 mil for Skagit Valley Square, a 166.8k sf ($110/sf) retail power center in Mount Vernon, WA. The property, located at 102-310 East College Way, adjacent to Interstate 5 and approximately 25...
|
• Epic Real Estate Partners Buys Arizona Retail Center
4/26/22
Mesa Shores, a 110.9k sf retail center anchored by Trader Joe’s, Sprouts Farmers Market and EOS Fitness in the Phoenix-area community of Mesa, was acquired by Epic Real Estate Partners. The price was not disclosed.
Originall...
|
• Tower Investments Pays $124.5 Mil for Nut Tree Retail Center in Vacaville
4/25/22
Nut Tree, a 370.1k sf Best Buy, T.J. Maxx, Nordstrom Rack-anchored regional center located in Vacaville, was acquired by NoCal-based Tower Investments for $124.5 mil, or $336/sf.
Located at 1621 E. Monte Vista Ave, Nut Tre...
|
Return to the Retail area
