The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
May 24, 2022
 Search RENTV
 The REview
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

Printer-friendly Version   Email an Associate
$9.8 Mil Purchase of Maywood Towne Center Offers Buyer Significant Leasing Upside


Maywood Towne Center, a 20.5k sf, multi-tenant retail center in the city of Maywood, was purchased for $9.8 mil ($478/sf) by a private investor. The property is shadow-anchored by Food 4 Less and Rite Aid.

Maywood Towne Center is located at 4444 Slauson Ave and 5921-5925 S. Atlantic Blvd. The signalized intersection location at Slauson and Atlantic, the two main thoroughfares in the city, feature more than 54,000 cars per day. The property is also situated one mile from the Interstate 710 on/off ramps with more than 177,000 cars per day.

Ed Hanley and Bill Asher with Hanley Investment Group Real Estate Advisors represented the seller, a family trust based in Los Angeles. The buyer was repped by Marcus & Millichap.

According to Asher, this was the first time the property had been on the market in 33 years since it was acquired from the original developer when it was completed in 1985. The 1.43-acre property was 78% occupied at the time of sale.

“The buyer acquired an outstanding multi-tenant retail investment in an established infill Los Angeles location, with upside potential to lease up 22% vacancy in the immediate future,” said Asher. “Approximately 100% of the occupied square footage is leased to a favorable mix of internet-resistant restaurant and service-based tenants, a combination of retailers that will continue to be the most attractive to investors moving ahead. Nearly 90% of the occupied square footage is leased to national/regional retailers including Dental Masters, Ace Cash Express, L.A.’s Auto Insurance, Las Islas Marias, WaBa Grill, Wateria, Wingstop and Yum Yum Donuts.”

Return to the Archive page





Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2022 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media