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9/25/17
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A fully occupied, 9.4k sf two-tenant retail property anchored by U.S. Bank in Lynwood sold for $5.05 mil ($537/sf). The deal closed at a cap rate of 5.75%.
Located at 3645 E. Imperial Hwy, the property is situated on a .63-acre parcel and is highly visible to more than 31,800 daily vehicles on one of the region’s most well-travelled roadways. In addition to being occupied by U.S. Bank, one of the nation’s largest financial institutions, the second tenant is union store front office, SEIU Local 99.
Kyle Gulock and Matt Kramer of Charles Dunn Company’s Bank Property Group represented the seller, a private investor from Los Angeles. The buyer, a private international investor, was repped by Industry Partners.
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