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5/04/20
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A 12.1k sf, net-leased property in Los Angeles sold for $1.085 mil ($90/sf). The property is located at the signalized, southeast corner of Pacific Coast Highway and Neptune Ave, in the city of Wilmington.
The property had been occupied by TitleMax, who was vacating at the end of May after five years of tenancy. Previously, the property had been occupied by a Chinese Food restaurant. The buyer is an investor who plans to re-tenant the building and hold as an investment.
Joe Linkogle with Marcus & Millichap represented the seller, an individual/personal trust.
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