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• Mixed-Use Center in Ontario Sells for $24 Mil
10/19/16
A 97.1k sf mixed-use property in Ontario sold for $23.95 mil, or $247/sf. The retail and service center is located at 2403 - 2455 S. Vineyard Ave, on both the north and south sides of the 60 Fwy.
Tenants at the property incl...
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• Two-Tenant Retail Building in Oxnard Listed for Just Over $10 Mil
10/19/16
We thought we’d share news of a newly-constructed, two-tenant retail building in the city of Oxnard that was just listed for sale. The property, located at the signalized intersection of Vineyard Ave and Riverpark Blvd, is oc...
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• Bay Area Single-Tenant Asset Trades in Zero Cash Flow Deal
10/19/16
Barchester Corp paid $7.75 mil for a free-standing 14.5k sf ($534/sf) single-tenant retail property in Daly City, just south of San Francisco, as part of a 1031 exchange. The property is occupied by CVS Pharmacy, which has 23...
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• 24 Hour Fitness Shapes Up SoCal Presence with Four New SoCal Locations
10/13/16
Fitness chain 24 Hour Fitness recently 15-year leases totaling 157.5k sf of space for four new SoCal locations. Three of the transactions took place in the OC cities of Santa Ana, Huntington Beach and Fullerton, while the fou...
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• Exchange Investor Pays $3.7 Mil for New OC Chipotle Restaurant Building
10/12/16
In a recent retail investment buy from Orange County, a new, 2.3k sf Chipotle Mexican Grill in Santa Ana traded hands for $3.7 mil, or $1,608/sf. The property sits on a 22.6k sf pad site at 629 S. Harbor Blvd, at the northeas...
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• Two San Fernando Valley Retail Investment Buys Total Over $16.5 Mil
10/11/16
We’ve got a couple of recent retail sales comps from the San Fernando Valley to report. Both deals were brokered, at least in part, by Yubin Tao with Investment Real Estate Associates.
In the larger transaction, a 35.3k sf r...
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• Single Tenant Enterprise-Rent-A-Car in the Inland Empire Sells for Over $600/sf
10/07/16
An Alhambra-based private investor paid $1.52 mil for a 2.3k sf, single-tenant absolute net-leased Enterprise Rent-A-Car property in the Inland Empire city of Redlands. The deal came in at a cap rate of 5.55% and a price of $...
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• Newmark Realty Capital Arranges $31 Mil on AZ Retail Center
10/06/16
Newmark Realty Capital Inc has arranged $31 mil in permanent financing for a 130k sf “trophy” asset located at a “Main & Main” retail intersection Tucson, AZ. The property offers a diverse shopping experience including off-...
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• DDR Buys 296k sf Retail Asset from Westlake Realty Group
10/06/16
Gresham Station Shopping Center, a 296.2k sf retail power center with multiple national anchors in the Portland, OR suburb of Gresham, was acquired by DDR Corp. The sale included a 45k sf, single-tenant, triple-net-leased LA ...
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• Private Investors Trade Chino Mixed-Use Building in $2.23 Mil Deal
10/04/16
In a recent retail sales comp from the Inland Empire, a Chino Hills-based private investor paid $2.23 mil for an 8k sf ($279/sf), fully-leased mixed-use building in Chino. The two-story retail/office property, located at 4774...
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• De La Vega Group Buys 90-Acre Development Site in Fort Worth
10/04/16
A development partnership controlled by the De La Vega Group has acquired Presidio North, a 90-acre, retail development site in north Fort Worth, TX. We’re told the transaction represents the largest major retail development ...
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• New Owners to Start Work on Sunnyvale Town Center Development
10/03/16
STC Venture LLC has closed escrow on Sunnyvale Town Center, a 36-acre, mixed-use project that has been sitting unfinished since 2009. The property was sold by Wells Fargo.
STC Venture, a joint venture of Hunter Storm, Sares ...
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• Texas Power Center Purchased by Sterling Organization in $81 Mil Deal
9/30/16
In a Texas-sized retail investment, Sterling Organization has purchased Park North, a 635.4k sf power center in San Antonio. The asset was purchased on behalf of the firm’s institutional value-add fund Sterling Value Add Par...
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• Elk Grove Retail Property Fetches Almost $500/sf
9/28/16
A 7.1k sf retail property in Elk Grove, CA has sold for $3.51 mil, or $494/sf. The property includes a single-tenant freestanding restaurant building that is NNN-leased to Chicago Fire Pizza, one of the Sacramento region’s to...
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• Tesla Showroom on Santa Monica’s 3rd Street Promenade Sells for Over $15 Mil
9/27/16
A 3k sf retail property along Santa Monica’s 3rd Street Promenade sold for $15.6 mil, or $5,200/sf. The property is currently leased to luxury electric car company Tesla Motors.
The property, located at 1227 3rd Street Prome...
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• Investor Snaps Up 29k sf Retail Asset in Santa Ana
9/27/16
A City of Commerce-based private investor paid $4.73 mil for Grovemont Square, a 29k sf ($163/sf) multi-tenant retail shopping center in Santa Ana. The property, located at 2428 North Grand Ave, traded at a cap rate of 4.26%....
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• Westwood Financial Secures $210 Mil in New Financing on 10 Retail Properties
9/23/16
Westwood Financial Corp has secured $210 mil in first TD financing on 10 multi-tenant retail centers totaling 974k sf in AZ, CA, KS, NC and TX. The financing was arranged by HFF, who advised Westwood Financial on new loans an...
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• San Diego Strip Center Property Sells for $769/sf in Recent Private Investor Buy
9/23/16
A CA-based private investor has purchased the Taco Bell and Shops, an 18.2k sf strip center in San Diego, in a recent transaction valued at $14 mil, or $769/sf. The property, which is leased to a synergistic mix of food and s...
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• Progression REI Secures $5.5 Mil in Joint Venture Equity for Port Hueneme Retail Asset
9/22/16
HFF has arranged $5.54 mil in joint venture equity for the acquisition of Oliveira Plaza, a 116k sf retail center in the Ventura County community of Port Hueneme. The financing was provided through an institional equity inves...
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• Retail Center in Coachella Fetches $125/SF
9/15/16
Fariba Kavian, Senior Vice President with NAI Capital, represented the seller, Harrison Coachella 26 LLC, in the sale of Coachella Plaza, an 85,035 square foot community retail center. The sale price was $10,600,000 million, ...
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