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• Investors Nab Two Colorado Springs Retail Centers in $13.85 Mil Worth of Deals
8/17/22
Two shopping centers in Colorado Springs, CO traded hands in separate deals totaling $13.85 mil. A Colorado-based private investor acquired Springs Ranch Shopping Center for $8.3 mil, while a San Diego-based 1031 exchange inv...
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• Three Outparcels to Palmdale Marketplace Sold in Deals Worth Over $10 Mil
8/16/22
Three retail properties that are outparcels to Palmdale Marketplace in Palmdale were sold in separate transactions totaling $10.2 mil. Located at 39340 10th Street W, Palmdale Marketplace is a 214k sf power center anchored by...
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• Palm Desert Retail Asset Fetches $5 Mil
8/16/22
A two-tenant, net-leased investment occupied by Mattress Firm and Club Champion in Palm Desert traded for $5 mil. The property is located on an outparcel to a Walmart Neighborhood Market on Highway 111.
Built in 2019, the 6....
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• Investor Exchanges into 82k sf AZ Retail Property
8/12/22
A CA-based 1031 exchange investor paid $12.27 mil for Fiesta Mercado Shopping Center, an 82.4k sf ($149/sf), grocery-anchored property in Tucson, AZ. The property is located at 2930 to 2980 S. 6th Ave, just east of the conflu...
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• A Pine Tree-Led Venture Buys 414k sf Regional Retail Center in Sacramento
8/05/22
A venture between Pine Tree and a pension fund purchased Delta Shores, a 414.7k sf regional shopping center in Sacramento, for $122.5 mil ($295/sf). Located at 8270 Delta Shores Cir S, major tenants at the center include Dick...
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• Bakersfield Smart & Final Extra! Fetches over $400/sf
7/29/22
In a brief retail sales update from Bakersfield, an exchange investor paid $10.85 mil for a 26.2k sf ($414/sf) Smart & Final Extra! Building in an off-market transaction. The building sits on 2.24 acres of land at 1725 Golden...
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• Slate Grocery REIT Picks Up 2.3 msf Retail Portfolio
7/29/22
Slate Grocery REIT recently acquired The Sunbelt Retail Growth Portfolio, a 2.3 msf portfolio comprised of 13 open air shopping centers. Slate is an owner and operator of U.S. grocery-anchored real estate.
The 13-property po...
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• Phenix Salon Suites Building in Redondo Beach Sells for $666/sf
7/26/22
A Manhattan Beach-based private investor paid $6.325 mil for a single-tenant net-leased investment occupied by Phenix Salon Suites in Redondo Beach. The 9.5k sf ($666/sf) property is located within King Harbor Plaza, a Smart ...
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• Barstow KFC Sells for $2.85 Mil
7/26/22
A newly constructed Kentucky Fried Chicken in Barstow traded for $2.85 mil. The property was a built-to-suit construction with a drive-through and opened for business in February 2022.
The property is located at 1440 E. Main...
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• Brixton Capital Buys 104k sf Shopping Center in San Diego County
7/25/22
Brixton Capital has acquired Santee Town Center, a 103.9k sf shopping center in Santee, in an off-market transaction. The property was sold by Los Angeles-based Union City Investments.
Located at 270 Town Center Blvd...
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• Planet Fitness Buys 18k sf Facility It had Been Leasing in Palmdale
7/21/22
An 18k sf fitness and sports facility leased to Planet Fitness in Palmdale was purchased for $5.5 mil ($305/sf) by the tenant. It was sold by a private investor based in New York City.
Built in 2017, the property is situated...
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• Schnitzer Properties Buys 163k sf AZ Retail Center
7/20/22
Schnitzer Properties paid $29 mil for Chandler Pavilions, a fully leased, 163.3k sf ($178/sf), high-traffic regional retail center in the Phoenix-area community of Chandler. The property was sold by Evergreen Devco Inc, which...
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• Bakersfield Strip Center Fetches $245/sf
7/19/22
Colonial Square, a 41.2k sf, multi-tenant retail strip center in Bakersfield was acquired by an L.A.-based 1031 exchange investor for $10.1 mil ($245/sf). The property was sold by LS Capital Inc, a real estate asset managemen...
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• Institutional Investor Spends $25 Mil on Pair of AZ Retail Assets
7/12/22
An unnamed institutional buyer paid $25.7 million for a retail portfolio comprising two shopping centers totaling 38.3k sf in Phoenix and Scottsdale, AZ. The assets were sold by MDC Realty Advisors, a subsidiary of Epic Inves...
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• Single-Tenant ALDI Property in Downey Goes for $7.3 Mil
7/11/22
A private trust paid $7.3 mil for an 18.6k sf ($392/sf), single-tenant retail building fully occupied by ALDI in the Los Angeles-area city of Downey. The property was sold by Westland Real Estate Group.
Positioned on 1.65 a...
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• L.A. County Retail Trade Rings Up at $3.2 Mil
7/08/22
Luxurious Properties LLC purchased an 11.5k sf shopping center and land parcel in Los Angeles in a $3.2 mil transaction. The seller was Garrison Property Management LLC.
The shopping center is located at 1628-1642 Firestone ...
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• New Single-Tenant Starbucks Property in Mojave Goes for Over $1,500/sf
7/06/22
A 3k sf, new construction, single-tenant Starbucks Drive-Thru with a café in Mojave sold for $4.56 mil ($1,520/sf). The property is located on 0.86 acres at 15652 Sierra Hwy along Highway 14, just past the Highway 58 intercha...
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• Vegas Retail Sale Consists of Two Properties Totaling 18k sf
7/06/22
A retail portfolio comprising two retail assets totaling 17.9k sf of space in Las Vegas traded in a recent deal worth $7.9 mil ($441/sf).
The portfolio includes Flamingo Jones Plaza, a 10.7k sf six-tenant retail pad located...
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• Single-Tenant NoCal Grocery Outlet Trades Hands for About $400/sf
7/01/22
A brand-new, 16k sf single-tenant net-leased investment occupied by Grocery Outlet in Fresno County, CA sold for $6.37 mil, or $398/sf. The deal closed at a cap rate of 4.90%.
The Grocery Outlet building is located on 2.08 ...
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• Manulife Investment Management Secures $40 Mil Recapitalization on Two CRE Assets in Downtown Portland
6/30/22
Manulife Investment Management has obtained $40 mil in financing for the recapitalization of LL Hawkins Apartments and Slabtown Marketplace in the Slabtown neighborhood near downtown Portland.
Located at 1515 NW 21st Ave, LL...
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