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2/13/15
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Altadena Crossing, a 43.1k sf shopping center in Altadena, was purchased by a private family trust. The terms of the sale were not released.
Built in 2006 on 1.28 acres, Altadena Crossing is located at 2230-2268 Lincoln Ave, at the intersection of Lincoln Ave and Crosby St, about 14 miles northeast of downtown Los Angeles. The location offers immediate access to the 210 Fwy, and is close to I-110, I-5 and Hwy 2.
Altadena Crossing’s major tenants are Verizon Wireless, Panda Express, Bank of America, 24 Hour Fitness and Subway. Bank of America, 24 Hour Fitness and Subway were not a part of the offering. At the time of the sale, the property was 100 percent occupied.
Martin Agnew, vice president investments, and Jessica Kelley, senior associate, both in Marcus & Millichap’s Encino office, represented the buyer in the deal. Sharone Sabar, first vice president capital markets in MMCC’s Encino office arranged financing for the transaction.
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