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• Two-Tenant Pad Building in the Inland Empire Fetches $635/sf
5/19/20
Private investors from the Los Angeles area traded a two-tenant, 6.3k sf retail pad building in a $4 mil ($635/sf) transaction. The building is occupied by Assure Dental and Verizon Wireless.
Located at 961 North Milliken Av...
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• Retail Sales Plunge 16.4% in April
5/18/20
This report was written and provided to us by Wells Fargo Securities
By:
Tim Quinlan, Senior Economist
Wells Fargo Securities
Shannon Seery, Economic Analyst
Wells Fargo Securities
How Could it Get Worse?
March alread...
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• Buyer Pays over $500/sf for Retail Center in Washington
5/18/20
Woodinville Mall, a 24.7k sf retail center in downtown Woodinville, WA, sold for $13.4 mil ($542/sf). The property consists of six building with 19 tenants, including Allstate Insurance, Goodyear and Seattle Optometric Physic...
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• 138k sf AZ Retail Center Purchased with $28 Mil Loan
5/13/20
The Shops at Gainey Village, a 138.4k sf, grocery-anchored retail center in Scottsdale, AZ, was recently purchased by an unnamed borrower. The deal was made with an acquisition loan of $27.87 mil.
Located at 8777 - 8989 N. S...
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• Anaheim Supermarket Property Acquired for $5.6 Mil
5/11/20
Orangethorpe Plaza, a 24.6k sf, neighborhood supermarket property in Anaheim, sold for $5.645 mil, or $230/sf. Built in 1976, Orangethorpe Plaza is anchored by Stater Bros supermarket and is located at 1741 N Kellogg Dr, in h...
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• Historic Pottery Barn Building in Pasadena Sold in a Deal Valued at $519/sf
5/07/20
A private investor purchased the historic Pottery Barn building in Pasadena’s popular Old Town area for $16.1 mil. The five-story, 31k sf ($519/sf) building is located at the intersection of Colorado Blvd and Fair Oaks Ave, a...
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• Exchange Investor Pays $630/sf for San Diego Area Vons Store
5/07/20
A 44k sf Vons grocery store in San Diego was acquired by a Los Angeles-based private investor for $27.7 mil ($630/sf).
Located at 4145 30th St in the North Park neighborhood of San Diego, the building sits one half-mile wes...
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• Investor Pays over $400/sf for Five Guys Building in San Diego
5/07/20
A 4.5k sf retail building in San Diego’s Pacific Beach neighborhood sold for $1.9 mil ($422/sf). The building, located at 1020 Garnet Ave, is currently occupied by Five Guys.
Brian Pyke and Allison Campbell of Retail Insite...
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• Calexico ALDI Ground Lease Purchased for $2.64 Mil
5/05/20
A NNN ground-lease for a single-tenant ALDI in Calexico, CA sold for $2.64 mil. The deal came in at a 5% cap rate.
Located at 2450 Rockwood Ave in Calexico, roughly two miles north of the Mexicali/Calexico border crossing, ...
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• San Diego Area Retail Center Trades in Deal Worth Over $13 Mil
5/05/20
Escondido Town & Country, a 70k sf, neighborhood shopping center in Escondido, sold for $13.25 mil, or $189/sf. Located at 1625 to 1665 East Valley Pkwy, east of I-15 and just south of Washington Ave, the asset was acquired b...
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• Single-Tenant Starbucks in SoCal’s Imperial Valley Sells for Over $1,000/sf
4/28/20
A Los Angeles-based private investor paid $2.858 mil for a new construction, single-tenant Starbucks with a drive-thru located in SoCal’s Imperial Valley. The 2.6k sf property ($1,089/sf) was sold by the building’s developer,...
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• Two Retail Buildings in L.A. County Sell in Deals Totaling $4.8 Mil
4/27/20
Two vacant L.A. County retail buildings totaling 13.6k sf have sold in deals totaling $4.775 mil ($351/sf).
In one of the deals, an 8.1k sf building at 11732 Rosecrans Ave in Norwalk was purchased by Happy Sky Inc. The pro...
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• Austin Retail Building Goes for $576/sf
4/23/20
A 12.9k sf retail property in Austin, TX sold for $7.43 mil ($576/sf). The property is currently occupied by CVS/Pharmacy, who has 13 years remaining on a total 25-year lease.
The property is located at 4001 West William Ca...
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• AZ Retail Property Sells for Over $580/sf
4/22/20
A single-tenant, net-leased 2.9k sf retail investment property in Prescott, AZ traded for $1.7 mil ($586/sf). Located at 1122 Iron Springs Rd, the property is 100% leased to one of the largest wireless network operators in t...
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• Lawndale Retail Property on Hawthorne Blvd Trades for $2.95 Mil
4/21/20
An 11.7k sf, retail storefront property in Lawndale sold for $2.95 mil, or $252/sf. Built in 1955, the property is located at 16711-16725 Hawthorne Blvd, a few blocks south of the 405 Fwy.
The building was renovated in 2002...
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• Quick N Clean Car Wash Buys One-Acre Site in Victorville
4/20/20
Quick N Clean Car Wash paid $1.55 mil for a one-acre land parcel in Victorville. The land, located at 14812 Bear Valley Rd, will be the site of the firm’s first location in SoCal’s Mojave River Valley region.
The new self-se...
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• Two-Tenant Retail Property in the San Fernando Valley Sells for $715/sf
4/15/20
A 13k sf, net-leased property in the San Fernando Valley community of Reseda sold for $9.3 mil, or $715/sf. It is located at 6400-6416 Tampa Ave, at the northeast corner with Victory Blvd.
The property is leased to Yogurtla...
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• Camarillo Strip Center Fetches $600/sf
4/09/20
A private investor paid $4.8 mil for an 8k sf ($600/sf) strip center in Camarillo. The center is located at 415 W. Ventura Blvd, adjacent to the 101 Fwy between Springville Dr and Las Posas Rd.
Built in 2020, the center is a...
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• Valencia Circle K Ground Lease Trades for $4 Mil
4/08/20
A Beverly Hills-based private trust acquired an absolute triple-net ground lease for a new construction, single-tenant Circle K convenience store and gas station in Valencia. The asset, located at 24010 Copper Hill Dr, sold f...
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• Fountain Valley McDonald’s Ground Lease Goes for Over $4 Mil
4/03/20
A private investor paid $4.025 mil for the ground lease purchase of a freestanding drive-thru equipped McDonald’s in Fountain Valley. The all-cash buyer made the acquisition as part of a 1031 exchange transaction.
The 3.5k s...
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