The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
March 29, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



SOUTHERN CALIFORNIA NEWS
Printer-friendly Version   Email an Associate
Cerritos Bank-Occupied Building Trades for $1,250/sf

5/17/19

A 5.2k sf, absolute, NNN-leased single-tenant retail property in Cerritos sold for $6.5 mil, or $1,250/sf. The property, located at 11355 South St, is fully occupied by Comerica Bank.

Built in 1974, the property includes 1.2k sf of mezzanine space. It is located at a signalized corner and is an outparcel to Los Cerritos Center, a regional mall totaling more than 1.3 msf with such tenants as Nordstrom, Macy’s, Dick’s Sporting Goods and Harkins Theaters, among others. Additionally, the asset is just a half-mile from the iconic Cerritos Auto Square and is just off the South Street exit of the 605 Fwy, which accommodates more than 237,000 vehicles per day.

Brian Hennessey and Armand Aghadjanians with Avison Young represented the seller, a private investor from Southern California. The buyer, also a SoCal private investor, was repped by Brian C. Russell of Kinnery’s Brokerage and The Primemark Group.

“This single-tenant property offered the buyer a passive income stream with minimal landlord responsibilities, strong tenancy and a prime location in a densely populated area that is in the center of a thriving retail hub,” noted Hennessey.







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 © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media