|
|
10/04/21
|
A 1031 exchange investor out of Los Angeles paid $6.715 mil for a 33.6k sf ($200/sf) retail property in Fairfield, CA. The property, located at 200 Travis Blvd, is fully occupied by Grocery Outlet.
Built in 1977, the property is situated on 4.11 acres. It is located less than one-mile from Solano Town Center, a 1.31 msf mall anchored by Macy’s, Dick’s Sporting Goods and Best Buy.
Matthew Mousavi and Patrick Luther with SRS Real Estate Partners’ National Net Lease Group represented the buyer and the seller, a West Coast-based owner and operator of retail properties.
“Grocery Outlet is expanding in multiple states, and continues to perform well in California with multiple locations opening throughout the year,” commented Mousavi. “Being a value-oriented grocer, and a necessity-based use, there was substantial interest in this particular property and multiple offers were received. We ultimately selected an all-cash private investor from Southern California who plans to hold the asset long-term.”
|
|
 Return to the Archive page
|
|
|
|
|
Printer-friendly Version
Email an Associate
