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11/18/21
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A recently renovated, two-tenant retail pad totaling 7.3k sf at Pico Rivera Plaza sold for $6.32 mil ($866/sf). The asset, net-leased to credit-worthy tenants, was sold by Paragon Commercial Group.
The property is an outparcel to Pico Rivera Plaza and is situated on .51 acres at 8810 Whittier Blvd in Pico Rivera, roughly 12 miles southeast of downtown Los Angeles at the southern edge of the San Gabriel Valley.
Fronting a high-profile shopping center anchored by Target and Food 4 Less, 8810 Whittier Blvd is home to Pacific Dental Services, one of the fastest-growing private companies in America, and SchoolsFirst Federal Credit Union, which was voted the “Best Credit Union in California” according to Forbes. These two credit-worthy, best-in-class, essential retailers operate on triple-net leases, and the building, which was constructed in 1982, was most recently renovated in 2021.
Adam Friedlander with JLL Retail Capital Markets represented the seller in the deal. GASKA Inc was the buyer.
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