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• Investor Spends Over $500/sf for AZ Single-Tenant Building
11/01/19
A 5.5k sf, single-tenant building in Cave Creek, AZ was purchased for $3 mil ($545/sf) by Thomas J Separate Property Trust of Cathedral City, CA. The property is 100% leased to a long tenant, Wilhelm Automotive, a full-servic...
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• Retail Building in Belmont Shore Area of Long Beach Sells for $555/sf
10/30/19
A rare high-street, multi-tenant retail asset located in the popular Belmont Shore neighborhood of Long Beach sold for $5 mil. The 9k sf ($555/sf) asset was acquired by a private investor out of Long Beach.
The 100%-leased b...
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• Construction Tops Off on Bay Area Mixed-Use Development
10/28/19
Construction on Station 1300, a new three-story, transit-oriented development in downtown Menlo Park, just topped off in September with placement of the final beam. The mixed-use project is a development of Greenheart Land C...
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• Single-Tenant Property in Bakersfield Sells for $205/sf
10/22/19
Wood Investments Companies has purchased a 7k sf, single-tenant property in Bakersfield for $1.44 mil ($205/sf). The deal came in at a 7% cap rate.
The net-lease property, occupied by Aaron’s, is situated on 0.88 acres at 64...
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• AZ Grocery-Anchored Center Trades for Over $40 Mil
10/17/19
Sparks Galleria, a 212.6k sf, grocery-anchored retail center in Sparks, NV, was purchased by CIRE Equity in a transaction valued at $40.65 mil, or $191/sf. The property, located on Disc Dr and Galleria Pkwy east of Route 445/...
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• Single-Tenant Retail Building in Glendale, AZ Sells for $1,390/sf
10/16/19
Black Rock Coffee Bar, an 863 sf, single-tenant retail building in Glendale, AZ, sold for $1.2 mil, or $1,390/sf. The property is located at 6805 W. Bell Rd.
The building is 100% leased to Oregon-based Black Rock Coffee Bar,...
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• Two Asian Food Tenants Ink Deals at Echo Park Redev Project Near Downtown LA
10/14/19
Supertoro and HiroNori Craft Ramen have signed leases at Brick Works, a retail collective in the Echo Park neighborhood of Los Angeles. Located in the heart of Echo Park at 1485-1501 W. Sunset Blvd, Brick Works is a new adapt...
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• AMC Theatres’ 14-Screen Multiplex in South San Diego County Sells for $32 Mil
10/14/19
The AMC Theatres’ 14-screen multiplex at Palm Promenade, a popular movie and entertainment mecca located adjacent to one of the largest regional retail centers in south San Diego County, has sold for $32.3 mil. The buyer was ...
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• SENTRE Spends $19 Mil on San Marcos Retail Asset
10/11/19
San Marcos Village, a 96.6k sf, grocery/discount-anchored neighborhood center in San Marcos, Was acquired by San Diego-based SENTRE Inc in a $19.25 mil ($199/sf) transaction. At the time of sale, the property was 92% leased t...
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• Investor Exchanges in South Pasadena Lot Ground Leased to Rite Aid
10/10/19
A SoCal-based private investment company paid $7.2 mil for a ground lease parking lot adjacent to a Rite Aid store in South Pasadena. The 27k sf lot is located at 900 S. Fair Oaks Ave, west of Arroyo Pkwy near the northern t...
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• Former Woolworth Building in Glendale Goes for $18 Mil
10/09/19
A 43.4k sf, mixed-use retail and office property at 201 N. Brand Blvd in Glendale has traded for $18.1 mil, or $417/sf. The property was sold by Bow Truss Capital LLC.
Formerly an historic Woolworth Building, the recently ...
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• Signal Hill Retail Center Sold by BIG Shopping Centers USA
10/09/19
Towne Center East, a fully leased, 154.8k sf retail center with multiple national anchors in Signal Hill, was acquired by an unnamed institutional buyer. The property was sold by BIG Shopping Centers USA, Inc. An institutiona...
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• $400 Mil Vegas Mixed-Use Project Promises to Be a Very UnCommons Development
10/09/19
Matter Real Estate Group has obtained construction financing for UnCommons, a $400 mil mixed-use development in southwest Las Vegas. The project will break ground this spring and be completed in fall 2021.
The development, f...
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• Florida Investor Buys 120k sf AZ Shopping Center
10/08/19
Glendale Galleria, a 119.5k sf, LA Fitness-anchored neighborhood shopping center in Glendale, AZ, was acquired by a Florida private investor involved in a 1031 exchange. The property, located at 5880 W. Peoria Ave, was sold b...
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• Los Angeles CVS Sells for $439/sf
10/07/19
A 16.5k sf, retail property in Los Angeles leased by CVS Pharmacy was purchased for $7.25 mil ($439/sf) by a local 1031-exchange investor.
The property is located at 4501 W. Slauson Ave, at a signalized corner. It’s situat...
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• Scottsdale Investors Trade AZ Retail Property
10/07/19
Shashikant Patel of Scottsdale has purchased 9494 Northern, a 23k sf, multi-tenant neighborhood retail center in Peoria, AZ, for $8.8 mil ($382/sf). The property was sold by Cave Creek Capital Partners LLC, also out of Scotts...
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• New Raising Cane’s Ground Lease in Orange County Acquired for $5 Mil
10/02/19
An LA-based private investor paid $5 mil for a 3.2k sf, new-construction, single-tenant Raising Cane’s Chicken Fingers quick-service restaurant with a drive-thru in Anaheim. The deal for the absolute NNN ground lease came in ...
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• Distinctive Culver City Retail Building Sells for $650/sf
10/02/19
Tova Capital Inc has acquired the “Allied Model Trains” building, a 12.6k sf retail structure in Culver City, for $8.2 mil ($651/sf). The building is located at 4411 Sepulveda Blvd, east of the 405 Fwy and just south of Culve...
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• OnPoint Development Buys 3.7-Acre Retail Dev Site in Oceanside
10/02/19
OnPoint Development has acquired a 3.728-acre retail land parcel in Oceanside for $4.5 mil ($28/sf). OnPoint plans to develop a multi-tenant retail center including a gas station and car wash on the site, located at 3340 Miss...
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• Grocery-Anchored Center in Stockton Gets New Owner in $17 Mil Transaction
9/26/19
Stockton Plaza, a 105.3k sf, grocery-anchored retail center in Stockton, sold for $17 mil, or $161/sf. The center is located at 2323 W. Hammer Lane, between I-5 and Thornton Rd.
Anchored by Food Source (Raley’s), Stockton Pl...
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