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• Retail Building in Apple Valley Goes for $169/sf
5/10/19
A 15.1k sf, multi-tenant shop building at Rancherias Plaza in Apple Valley has sold for $2.55 mil, or $169/sf. The property is located at 20162 Highway 18, in the fast-growing High Desert region of SoCal’s Inland Empire.
Bu...
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• Nazareth Enterprises Saves San Mateo Ice Rink with $11.5 Mil Purchase of 55k sf Building
5/09/19
Nazareth Enterprises Inc has acquired the ice rink facilities and 55k sf retail building at the BridgePointe Shopping Center in San Mateo, in an $11.5 mil off-market transaction. The building is located at 2200-2202 BridgePoi...
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• Two AZ Carl’s Jr Stores Sell for $3.4 Mil
5/08/19
Two AZ Carl’s Jr.’s totaling 6.8k sf traded hands in a deal worth $3.4 mil. The properties, located at 1880 E. Broadway Blvd in Tucson, and 5775 W. Northern Ave in Glendale, were controlled by Strata Equity Corporation Inc an...
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• Venice Mixed-Use Building Sells for Almost $1,000/sf
5/07/19
BrandView Capital Partners paid $7.15 mil for 62‐66 Windward Ave, a 7.5k sf ($957/sf) retail and creative office building in Venice. Situated just steps from the beach and the world‐renowned Venice Boardwalk, the ...
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• Investors Trade Two AZ Gas Stations for $5.5 Mil
5/02/19
Scottsdale-based Mesa Valley I acquired two AZ gas station properties for $5.55 mil. The purchases include an ARCO, located at 3610 E. Bell Road in Phoenix, and a Chevron, located at 825 E. Apache Blvd. in Tempe The assets we...
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• Pasadena Building Occupied by Whole Foods Sells in $100 Mil Deal
5/01/19
The Arroyo Parkway LLC, a Pasadena-based investment group, has purchased an 80k sf retail building fully leased to Whole Foods Market and two acres of adjoining land in Pasadena from a private family trust. The off-market tra...
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• Pad Buildings at Walmart Supercenter in Lancaster Sells for $6 Mil
5/01/19
Two multi-tenant pads totaling 13.8k sf of space at the Walmart Supercenter in Lancaster have sold for a total price of $6 mil ($435/sf). Built in 2003, the buildings are 100% occupied.
Pad B, a 7.5k sf building, is occupied...
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• Investors Buy 25k sf of Pad Buildings at Rialto Marketplace
4/30/19
There were two, separate multi-tenant pad sales totaling 25.6k sf at Rialto Marketplace, a 239.5k sf Super Walmart-anchored shopping center located at 1276 S Riverside Ave in the Inland Empire city of Rialto. The assets were ...
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• San Mateo Retail Property Trades for $31.5 Mil
4/26/19
Borel Square Shopping Center, a 96.7k sf neighborhood shopping center in San Mateo, sold for $31.5 mil ($326/sf). The single-story retail property is anchored by CVS and 24 Hour Fitness and is 97.6% percent leased overall.
...
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• Local Buyer Pays $3 Mil for AZ Multi-Tenant Retail Building
4/25/19
Arrowhead Festival, a 12.6k sf retail property in Glendale, AZ, sold for $3.07 mil ($244/sf). The asset, located at the northeast corner of 73rd Ave and Bell Rd, was purchased by Phoenix-based LIMO Enterprises LLC.
The multi...
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• Burbank Retail Building Trades for over $500/sf
4/25/19
A 14k sf retail property in Burbank has sold for $7.78 mil, or $556/sf. The property, located at 822 S San Fernando Blvd, is occupied by Harbor Freight and Tools.
The property is in a highly desirable section of Burbank just...
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• Two Central CA Smart & Final Stores Fetch $14.8 Mil
4/24/19
Two Smart & Final grocery stores in Central California have sold to a private investor as corporate leasebacks for a combined price of $14.8 mil. The assets were sold by Smart & Final, a Los-Angeles based grocery chain with m...
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• Renovations on 1 msf Arizona Center Completed
4/24/19
Parallel Capital Partners Inc has finalized construction on over $25 mil in renovations to Phoenix’s Arizona Center, a 1 msf, mixed-use development covering 16 acres in the city’s downtown. The complex is located at the inter...
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• Two-Tenant Retail Building in Merced Fetches Over $700/sf
4/23/19
A 3.7k sf, two-tenant, net-leased retail building in Merced sold for $2.645 mil ($715/sf). The property, occupied by a Starbucks with a drive-thru and T-Mobile, is located at 360 W. 16th St. The transaction came in at a recor...
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• Vista Investment Group Spends $22 Mil on Portland Mixed-Use Asset
4/17/19
Vista Investment Group paid $22 mil for Hollywood Station, a 69.1k sf ($318/sf), mixed-use building in Portland’s Hollywood District. The purchase represents Vista’s fourth investment in Portland, OR over the last 18 months.
...
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• Exchange Investor Trades into $8.5 Mil Auto-Based Retail Center
4/16/19
Valencia Autoplex, a fully occupied, three-building 20.5k sf retail center in Valencia, traded hands for $8.5 mil ($415/sf). The buyer was a Los Angeles-based private investor.
Built in 1996 and situated on 1.81 acres at 235...
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• Single-Tenant Retail Asset in Kingston, WA Sells for $6 Mil
4/15/19
A single-tenant, 17.3k sf freestanding property fully occupied by Rite Aid in Kingston, WA sold for $6 mil, or $347/sf. The property, located at 27000 Miller Bay Road NE, features a corporate guaranteed triple-net lease by Ri...
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• Stockdale Partners Waiting for Approval for Redevelopment of Retail Space in Downtown San Diego
4/11/19
Stockdale Capital Partners’ planned The Campus at Horton will create a vibrant mixed-use high-tech office, lifestyle retail and food & beverage experience in the heart of downtown San Diego. The project, still waiting on appr...
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• Weingarten Realty Pays $20 Mil for AZ Retail Center
4/10/19
Houston-based Weingarten Realty acquired Madison Village Marketplace, a 90.3k sf, Safeway-anchored shopping center in Phoenix, for $20.3 mil ($225/sf). The property was sold by Phoenix-based Bayless Investment & Trading Compa...
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• Multi-Tenant Retail Center in Oceanside Hits the Market with $20.6 Mil Asking Price
4/09/19
Here’s news of a five-tenant, 65.7k sf open-air shopping center in Oceanside that was just put on the market. The asset, Best Plaza, includes a new 20-year Jack in the Box ground lease. The asking price is $20.59 mil.
Opened...
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