| L.A. Investor Shops Retail in Vegas for Exchange Buy
Sunrise Marketplace, a 191.3k sf neighborhood shopping center in Las Vegas, was purchased by a Los Angeles-based private investment firm completing a 1031 exchange. The property was sold by Phillips Edison & Company, a Cincin...
| CA Investor Pays Over $700/sf for Dallas Convenience Store
An institutional investor from Dallas paid $4.3 mil for a 6k sf ($717/sf) Spec’s Wines, Spirits and Finer Foods in Dallas. The convenience store is located at 1604 West Northwest Highway, a heavily trafficked retail corridor ...
| Charing Cross Makes $39.7 Mil Retail Buy in Torrance
South Bay Village, a 107.5k sf, grocery-anchored shopping center in Torrance, was acquired by Charing Cross in a $39.7 mil ($369/sf) transaction. The retail asset was sold by Regency Centers.
Located at 19330 Hawthorne Blvd,...
| Investor Buys 90k sf Grocery-Anchored Retail Center in Pueblo, CO
Belmont Square, an 89.6k sf grocery-anchored shopping center in Pueblo, CO, was acquired for $6 mil ($67/sf) by Dunton Commercial LLC, out of Greenwood Village, CO. The seller was Belmont Squared LLC, a private partnership ba...
| Freestanding TX Retail Building Goes for $333/sf
A 3k sf, freestanding retail property in Lubbock, TX sold for $1 mil, or $333/sf. The building, located at 2625 50th St, is leased to two tenants: AT&T and Rita’s Donuts.
Originally built in 1986, the dual-tenant property s...
| Manhattan Beach Arco Station Property Trades for $5.25 Mil
A private local investor paid $5.25 mil for a 1.6k sf Arco gas station and convenience store in Manhattan Beach. The real estate as well as the existing business operation were included in the transaction.
Located at 1002 Ma...
| Whittier Cardenas Market Trades for $428/sf
A brand-new, single-tenant Cardenas Market in Whittier sold for $14.8 mil, representing a cap rate of 5.03%. The 34.6k sf ($428/sf) Cardenas Market is located at 11750 Whittier Blvd, at the signalized intersection of Whittier...
| AZ “Medtail” Property Trades in $4.8 Mil Transaction
Adelante Healthcare Plaza, a 15.6k sf, two-tenant medical and retail building in Peoria, AZ, sold for $4.8 mil ($308/sf). The property is located at 15525 North 83rd Ave, just south of Bell Rd and adjacent to State Route 101....
| PWS is Expanding Its CA Laundromat Locations
PWS, the nation’s largest developer of new laundromats and the premier broker of existing laundromats, is developing five new locations across California, with another two locations in final lease negotiations.
The new reta...
| Lathrop Chipotle Sells for $1,371/sf
A new, 2.3k sf single-tenant net lease Chipotle Mexican Grill in Lathrop (San Joaquin County) sold for $3.185 mil, representing a price per square foot of $1,371 and a cap rate of 4.05%, a record-low cap rate for a new Chipot...
| Kaiser Permanente Buys Former Retail Property in L.A.’s South Bay
Kaiser Permanente acquired a 16.7k sf retail building in Harbor City for $9.4 mil ($563/sf) in an all-cash transaction. Located at 1205-1207 Pacific Coast Hwy, the property – a former drug store – sits across the street from ...
| Retail Center in L.A.’s Koreatown Goes for $719/sf
An 80k sf shopping center in Los Angeles’s Koreatown was purchased for $57.5 mil ($719/sf) by a private investment company. The three-story property, California Marketplace, is located at 450 South Western Ave, about two bloc...
| Net-Leased Grocery Property in Washington Sells for Over $16 Mil
A 60k sf, single-tenant, net-leased grocer property in Walla Walla, WA sold for $16.2 mil ($270/sf). The building, occupied by a national grocer on a long-term lease, is located at 450 N. Wilbur Ave.
The property is positio...
| Big Lots Leases 35k sf Riverside Anchor Space
Big Lots signed a lease for a 35k sf, anchor space in Riverside that was previously a JoAnn Fabrics store. The store, located at 2620 Canyon Springs Pkwy, is situated within the 183k sf, freeway adjacent Canyon Springs Market...
| AZ Target / US Bank Property Trades in $14.5 Mil Transaction
A 10-acre property leased to Target and US Bank in Tempe, AZ was purchased for $14.45 mil by B2 Holdings LLC, an all-cash San Diego-based investor with multiple single-tenant holdings in the Phoenix market.
The property, loc...
| Two CA 7-Eleven Properties Trade in Deals Totaling $3.5 Mil
Two 7-Eleven investment properties in California sold in separate transactions totaling $3.45 mil. The deals include a single-tenant 7-Eleven in Santa Maria and a two-tenant 7-Eleven property in Fresno.
The single-tenant, 2...
| Nevada Investment Entity Spends Over $12 Mil on AZ Office/Retail Building
Overstreet, a fully leased, Class A mixed-use office/retail development in downtown Chandler, AZ, was acquired by Oversteet Project LLC, a Nevada limited liability company, for $12.3 mil. Newly constructed in 2018, the proper...
| Norco Taco Bell Site Goes for Over $1,000/sf
A 2.6k sf, newly developed freestanding retail property occupied by Taco Bell in Norco sold for $2.67 mil ($1,027/sf). A franchisee for Taco Bell recently signed a 25-year ground lease at the site, located at 1460 Sixth St.
| Huntington Beach Retail Center Sells for Over $800/sf
Village Plaza at Huntington Harbour, a 20.3k sf, multi-tenant retail center with over 270 feet of prime Pacific Coast Hwy frontage in Huntington Beach, was acquired by an L.A.-based private partnership. According to an indust...
| Investors Trade CO Neighborhood Center in $5.4 Mil Deal
Parker Plaza, a 34.1k sf, neighborhood shopping center in Parker, CO, was acquired by Renco Properties for $5.41 mil ($159/sf). The center is 95% occupied by a diverse mix of 17 tenants consisting of service uses, restaurant,...