| OC Retail Center Goes for $800/sf
Baker Ranch Center, a newly developed, 6k sf retail center in Lake Forest, sold for $4.82 mil, or about $800/sf. The property is 100% NNN-leased to four tenants: Tenko Sushi & Teriyaki; Ameci Pizza; Sage Nail Lounge; and Shee...
| ValueRock Realty Partners Spends $28 Mil on Two NoCal Retail Properties
ValueRock Realty Partners has acquired two NoCal retail properties in deals totaling $28.5 mil. The acquisitions consisted of University Village, a 43.9k sf, grocery-anchored retail center at 1075-1095 Monroe St in Albany, an...
| 73k sf Retail Center in CA’s Central Valley Sells
Colony Plaza, a 73.2k sf, grocery-anchored shopping center in the California Central Valley community of Ripon was purchased by a private investor. It was sold by an institutional investor.
Anchored by Save Mart, Colony P...
| Huntington Beach Retail Asset Sells for $482/sf
CVS Beach Garfield Center, a 31.1k sf neighborhood retail property anchored by CVS/pharmacy in Huntington Beach, has sold for $15 mil ($482/sf) in an off-market transaction. The asset, located at 18872 to 18922 Beach Blvd, wa...
| San Diego Center Traded in a $5.25 Mil Deal
Midway Square, a 15.3k sf, multi-tenant shopping center in San Diego, sold for $5.25 mil, or $343/sf. The center is 100% leased to Express Tire, Auto Serve Center, Suspension Plus and Smog Check.
The property is located at ...
| San Fernando Valley Crunch Fitness Property Sells for $6 Mil
A recently renovated, 20.7k sf single-tenant, NNN-leased retail property occupied by Crunch Fitness in Van Nuys sold for $6.1 mil ($295/sf). The property closed at a 6.48% cap rate, providing the buyer with a high-yield inves...
| Erewhon Inks Lease for 9.5k sf Market at Historic Garage Property in Downtown L.A.
Erewhon, the natural foods store known for its tonic bar, organic produce and pressed juices, has inked a lease for a 9.5k sf store at 900 South Hill Street in downtown Los Angeles. The market will be Erewhon’s fifth store in...
| NY-Based Investment Entity Pays $1,268/sf for Newly Constructed Inland Empire Starbucks
New York-based Fata Organization LLC recently purchased a newly developed, 2.5k sf single-tenant, NNN-leased retail property that is occupied by Starbucks Coffee with a drive-thru. The property, located at 17142 Slover Ave i...
| Santa Monica Promenade Building Sells for Nearly $1,000/sf
A partnership of two private Beverly Hills investors -- Golden West Properties and Starpoint Properties -- paid $30.3 mil for a 30.7k sf ($987/sf) building along Santa Monica’s prominent Third Street Promenade currently occup...
| San Fernando Valley Crunch Fitness Building Sells for $300/sf
A 20.6k sf Crunch Fitness in Van Nuys sold for $6.1 mil, or just under $300/sf. The building is located at 6723 Van Nuys Blvd, with the gym being co-anchor to an inline strip center which includes Jons International Marketpla...
| Single-Tenant Property in Prescott Valley Trades for $130/sf
A fully occupied, single-tenant, 21.8k sf retail building in Prescott Valley, AZ, has sold for $2.83 mil, or about $130/sf.
Built in 2000 and situated on 1.14 acres, the building is located at 6669 E. 1st Street and includ...
| Encinitas Retail Asset Sells for $24 Mil
RAF Pacifica Group acquired the 39k sf retail portion of Pacific Station in Encinitas for $24 mil ($615/sf). Located at the southeast corner of Coast Hwy 101 and E Street, Pacific Station is a 100k sf mixed-use development th...
| Medical Users May Resuscitate Long Dead Retail Big Box Space in the Inland Empire
This report was provided to us by CBRE and is based on research conducted by the global real estate services firm.
We’ve all heard the adage “if the shoe fits, wear it.” When we look at the Inland Empire’s (IE) large supply ...
| Temecula Claim Jumper Property Traded for $330/sf
An 11.2k sf, free-standing restaurant occupied by Claim Jumper in Temecula was acquired by New World LP, a California Limited Partnership, for $3.7 mil ($330/sf) in an all-cash deal. The property, located at 29540 Rancho Cali...
| Tower Energy Group Buys Dev Site in Rancho Mirage
Tower Energy Group paid $5.65 mil for a 22.48-acre, mixed-use development land site in Rancho Mirage. The land parcel, situated on the northeast corner of Monterey Ave and Frank Sinatra Dr, in a rapidly growing area of the ci...
| Newly Developed AZ Neighborhood Center Sells for $450/sf
The Plant, a 56.8k sf, Sprouts Farmers Market-anchored neighborhood shopping center in Chandler, AZ, was acquired by Dallas-based Sarofim Realty Advisors for $25.75 mil ($453/sf). Located on the southeast corner of Gilbert an...
| Torrance Lowe’s Property Goes for $47.5 Mil
A 127.4k sf, freestanding property fully leased to Lowe’s Companies Inc sold for $47.5 mil. The property, located at 22255 S. Western Ave, was sold by The Shorenstein Company to Wilson Torrance LLC.
One of the top performing...
| Former K-Mart Property in the Inland Empire to Be Redeveloped
A former Kmart-occupied retail property in Colton was recently acquired by an undisclosed 1031 exchange investor from Orange County for $5.35 mil. The 104.2k sf site is located at 1175 South Mount Vernon Ave.
The property is...
| Denver Walgreens Property Sells for $6 Mil
Denver-based Governors Park Lofts LLC paid $6.05 mil for a 15k sf ($403/sf), freestanding retail property NNN-leased to Walgreens in Northglenn, CO, a city 20 miles north of downtown Denver.
Built in 2001, the property is si...
| Inland Empire Grocery-Anchored Retail Center Trades
Perris Plaza, a 150.1k sf, grocery-anchored dominant shopping center in the Inland Empire city of Perris, was acquired by Nuevo Perris LLC, which is a joint venture among Wood Investments, a Laguna Beach-based real estate inv...