| NY Investor Pays $869/sf for New LA Area Retail Property Pre-Leased to Target
A New York-based private investor paid $48.7 mil for a 56k sf ($869/sf), freestanding retail property in Huntington Park. The property, located at 5731 Bickett St, is expected to be completed by developer Shane Companies in J...
| Neighborhood Center in Whittier Goes for $277/sf
Desert Capital Ventures purchased La Pico Plaza, a 20.9k sf, Circle K-anchored neighborhood center in Whittier, for $5.8 mil ($277.50/sf) in an all-cash exchange transaction. The property, located at 9150 Painter Ave, was 100...
| NewMark Merrill Companies Ready to Break Ground on 96k sf Inland Empire Shopping Center
There are currently 18 businesses slated to take space at Rialto Village, a 96k sf shopping center development breaking ground this month at the southwest corner of San Bernardino Ave and Riverside Ave in the Inland Empire ci...
| San Diego Planet Fitness Property Sells for $479/sf
A SoCal-based family partnership paid $8.15 mil for a 17k sf ($479/sf), single-tenant property occupied by Planet Fitness in San Diego, in an all-cash deal. At a 4.90% cap rate, the sale broke a national record for the lowest...
| Private Investor Exchanges into $45 Mil Seattle Area Retail Buy
Lynnwood Crossroads, a 103.1k sf, dominant grocery-anchored shopping center in the Seattle suburb of Lynnwood, WA, traded in a $45 mil ($436/sf) deal. The buyer was Sakioka Farms, a privately held, high-net-worth family offi...
| Investors Nab Two Colorado Springs Retail Centers in $13.85 Mil Worth of Deals
Two shopping centers in Colorado Springs, CO traded hands in separate deals totaling $13.85 mil. A Colorado-based private investor acquired Springs Ranch Shopping Center for $8.3 mil, while a San Diego-based 1031 exchange inv...
| Three Outparcels to Palmdale Marketplace Sold in Deals Worth Over $10 Mil
Three retail properties that are outparcels to Palmdale Marketplace in Palmdale were sold in separate transactions totaling $10.2 mil. Located at 39340 10th Street W, Palmdale Marketplace is a 214k sf power center anchored by...
| Palm Desert Retail Asset Fetches $5 Mil
A two-tenant, net-leased investment occupied by Mattress Firm and Club Champion in Palm Desert traded for $5 mil. The property is located on an outparcel to a Walmart Neighborhood Market on Highway 111.
Built in 2019, the 6....
| Investor Exchanges into 82k sf AZ Retail Property
A CA-based 1031 exchange investor paid $12.27 mil for Fiesta Mercado Shopping Center, an 82.4k sf ($149/sf), grocery-anchored property in Tucson, AZ. The property is located at 2930 to 2980 S. 6th Ave, just east of the conflu...
| A Pine Tree-Led Venture Buys 414k sf Regional Retail Center in Sacramento
A venture between Pine Tree and a pension fund purchased Delta Shores, a 414.7k sf regional shopping center in Sacramento, for $122.5 mil ($295/sf). Located at 8270 Delta Shores Cir S, major tenants at the center include Dick...
| Bakersfield Smart & Final Extra! Fetches over $400/sf
In a brief retail sales update from Bakersfield, an exchange investor paid $10.85 mil for a 26.2k sf ($414/sf) Smart & Final Extra! Building in an off-market transaction. The building sits on 2.24 acres of land at 1725 Golden...
| Slate Grocery REIT Picks Up 2.3 msf Retail Portfolio
Slate Grocery REIT recently acquired The Sunbelt Retail Growth Portfolio, a 2.3 msf portfolio comprised of 13 open air shopping centers. Slate is an owner and operator of U.S. grocery-anchored real estate.
The 13-property po...
| Phenix Salon Suites Building in Redondo Beach Sells for $666/sf
A Manhattan Beach-based private investor paid $6.325 mil for a single-tenant net-leased investment occupied by Phenix Salon Suites in Redondo Beach. The 9.5k sf ($666/sf) property is located within King Harbor Plaza, a Smart ...
| Barstow KFC Sells for $2.85 Mil
A newly constructed Kentucky Fried Chicken in Barstow traded for $2.85 mil. The property was a built-to-suit construction with a drive-through and opened for business in February 2022.
The property is located at 1440 E. Main...
| Brixton Capital Buys 104k sf Shopping Center in San Diego County
Brixton Capital has acquired Santee Town Center, a 103.9k sf shopping center in Santee, in an off-market transaction. The property was sold by Los Angeles-based Union City Investments.
Located at 270 Town Center Blvd...
| Planet Fitness Buys 18k sf Facility It had Been Leasing in Palmdale
An 18k sf fitness and sports facility leased to Planet Fitness in Palmdale was purchased for $5.5 mil ($305/sf) by the tenant. It was sold by a private investor based in New York City.
Built in 2017, the property is situated...
| Schnitzer Properties Buys 163k sf AZ Retail Center
Schnitzer Properties paid $29 mil for Chandler Pavilions, a fully leased, 163.3k sf ($178/sf), high-traffic regional retail center in the Phoenix-area community of Chandler. The property was sold by Evergreen Devco Inc, which...
| Bakersfield Strip Center Fetches $245/sf
Colonial Square, a 41.2k sf, multi-tenant retail strip center in Bakersfield was acquired by an L.A.-based 1031 exchange investor for $10.1 mil ($245/sf). The property was sold by LS Capital Inc, a real estate asset managemen...
| Institutional Investor Spends $25 Mil on Pair of AZ Retail Assets
An unnamed institutional buyer paid $25.7 million for a retail portfolio comprising two shopping centers totaling 38.3k sf in Phoenix and Scottsdale, AZ. The assets were sold by MDC Realty Advisors, a subsidiary of Epic Inves...
| Single-Tenant ALDI Property in Downey Goes for $7.3 Mil
A private trust paid $7.3 mil for an 18.6k sf ($392/sf), single-tenant retail building fully occupied by ALDI in the Los Angeles-area city of Downey. The property was sold by Westland Real Estate Group.
Positioned on 1.65 a...