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• AZ Single-Tenant Retail Property Goes for $2 Mil
1/30/19
Hobby Action at Chandler Pavilions II, a 20.9k sf, single-tenant retail building within the Chandler Pavilions II retail center in Chandler, AZ, sold for $1.9 mil ($91/sf). The property is located at 865 N. 54th St, off the I...
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• Newport Beach Showroom Property Sells for Over $1,400/sf
1/29/19
A 4.5k sf retail and showroom property in Newport Beach was acquired by a high net worth investor for $6.4 mil, or $1,422/sf.
The property, consisting of two single-story buildings, is located at 2510-2530 West Coast Hwy. I...
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• Carlsbad Retail Building Trades for $552/sf
1/29/19
A 6.7k sf, multi-tenant retail building in Carlsbad sold for $3.7 mil, or $552/sf. The property, located at 457 Carlsbad Village Dr, midway between the ocean and I-5, was purchased by Equity Three Properties LLC, a subsidiary...
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• Valore Ventures Acquires Fee Simple Interest in Four Restaurant Properties near Disneyland
1/28/19
Valore Ventures has acquired the fee simple interest in four brand-name restaurants—Oggi’s Pizza & Brewery, Outback Steakhouse, Red Robin, and Joe's Crab Shack (the “property”) in Garden Grove, near Disneyland, for $13.1 mil....
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• Nooner Holdings Buys Community Shopping Center in Texas
1/28/19
Nooner Holdings has acquired Military Crossing, a 171.3k sf, community shopping center located in San Antonio, TX. The center is 99% occupied and includes Academy Sports flagship store, BioLife Plasma Services, Harbor Freight...
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• Fontana Jack in the Box Fetches $2.375 Mil
1/18/19
A brand-new, single-tenant Jack in the Box in Fontana sold for $2.375 mil. The new, freestanding Jack in the Box is situated on 0.54 acres at 17020 S. Highland Ave, at the entrance of the brand new Highland Village shopping c...
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• Vegas Retail Center Trades in $67 Mil Deal
1/16/19
An unnamed private investor has acquired the majority of Shadow Mountain Marketplace, a 359k sf community shopping center in Las Vegas. The $67.25 mil acquisition did not include the 154k sf Costco anchor store, giving the de...
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• Inland Empire Del Taco Trades for $1,957/sf
1/16/19
A single-tenant property fully occupied by Del Taco in Lake Elsinore traded hands in a recent $3.05 mil deal. Located on just under one-half acre of land at 16810 Lakeshore Dr, the freestanding building has 12.5 years remaini...
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• Investors Agree on $267/sf Gardena Retail Trade
1/15/19
Gardena Plaza, a 55.7k sf, multi-tenant retail property in Gardena, sold for $14.9 mil ($267.50/sf). The fully occupied property includes 18 tenants including anchor Green Farm Market, Subway, T-Mobile, and Wing Stop.
Built...
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• Commercial Real Estate Financing Briefs
1/14/19
HFF - A 28.1k sf high-street, retail property on Beverly Hills’ iconic Rodeo Drive was refinanced with a new 10-year fixed-rate loan for $160 mil. The borrower is an unnamed private investor. The fully leased, two-story prope...
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• Ethan Conrad Properties Buys 500k sf NoCal Retail Center
1/11/19
Chico Mall, a 503.7k sf regional mall located in the city of Chico, was purchased by Ethan Conrad Properties. The center is anchored by Dicks’ Sporting Goods, JCPenney and Forever 21, as well as a former Sears box that is cur...
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• L.A. Retail Portfolio Trades for $35 Mil
1/11/19
A four-property, 65.4k sf retail portfolio in the L.A. area has sold for $35 mil ($535/sf). The properties include a Petco located in Northridge and a Petco, Office Depot, and multi-tenant property all located in the South Ba...
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• Sacramento Area Office/Retail Property Purchased for $225/sf by Private Investor
1/10/19
In a recent NoCal mixed-use, investment buy, a private investor paid $4.14 mil for an 18.4k sf ($225/sf) office/retail property located at 110 Gateway in Lincoln, about 30 miles northeast of Sacramento. The property, situated...
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• Sterling Organization Spends $35 Mil on Westlake Village Retail Center
1/10/19
Sterling Organization acquired North Ranch Gateway, an 86.5k sf retail center in Westlake Village, for $35 mil ($405/sf) on behalf of its managed funds. The purchase was financed with $25.9 mil in debt arranged by CBRE.
Nort...
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• International Properties Holding Group LLC Buys 143k sf Inland Empire Retail Asset
1/09/19
In a recent Inland Empire retail buy, International Properties Holding Group LLC has acquired San Bernardino Target Center, a 143k sf property in San Bernardino. The center, located at 499 W. Orange Rd, was sold by Brixmor Pr...
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• Investor Pays $429/sf for Multi-Tenant Pad Building in Fontana
1/08/19
A private investor from NoCal paid $3.86 mil for a 9k sf ($429/sf), multi-tenant pad building in Fontana. The property is located at 13451 Baseline Ave, adjacent to the I-15 Fwy on/off-ramp at Baseline.
Built in 2002 on 0.53...
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• Santa Ana Retail Property Trades in $9.5 Mil Deal
1/04/19
Sunflower Plaza, a 27k sf shopping center subject to a 30-year ground lease in Santa Ana, sold for $9.54 mil ($353/sf). It was purchased by Sunflower Metro LLC, a company owned by former NBA player, Josh Childress.
Sunflower...
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• Big Lots Center in Las Vegas Trades for almost $13 Mil
1/04/19
Craig Promenade, an 81.1k sf, Big Lots anchored neighborhood shopping center in North Las Vegas, was purchased for $12.9 mil ($159/sf) by Tulsa, OK-based Liberty Crossing Apartments LLC, an entity formed by Precision Equity. ...
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• Chino CVS Pharmacy Acquired for $7.6 Mil
1/03/19
A 13k sf retail property leased by CVS Pharmacy in Chino sold for $7.6 mil, or $584/sf. The property was acquired by a local 1031-exchange investor.
The building is located at 12101 Central Ave, at a signalized corner off C...
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• Mexican Restaurant Chain Buys Three Acres in Norwalk
1/03/19
Tacos Gavilan, a popular up-and-coming Southern California-based Mexican restaurant chain, paid $3.1 mil for 1.3 acres of land located at the southwest corner of Rosecrans Ave and Studebaker Rd in the city of Norwalk. The sit...
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