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• Santa Monica Jiffy Lube Property Sells for $899/sf
11/05/24
A 4.6k sf retail property in Santa Monica sold for $4.05 mil, or $899/sf. The property, situated on a 13.5k sf lot at 2344 Pico Blvd, is occupied by Jiffy Lube on a NNN lease.
The lease began on February 1, 2012, and extends...
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• Auto Dealership Group Acquires 3.28-Acre Site in Kirkland, WA for Showroom and Storage Use
11/04/24
Lee Johnson Nissan of Kirkland auto dealership has acquired a 3.28-acre property with a 14k sf showroom and auto service building in Kirkland, WA. The purchase was funded with a new $15.5 mil permanent loan.
The property, lo...
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• Retail Portfolio in San Bernardino Sells for $7 Mil
10/31/24
A portfolio of four adjacent, separately parceled single-tenant, net-leased properties in San Bernardino traded in a recent $7 mil deal. The properties, located at 2505-2575 Highland Ave, are occupied by IHOP, Wienerschnitzel...
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• Single-Tenant OC Retail Building Sells for $452/sf
10/30/24
A 15k sf, fully leased, retail building in Garden Grove sold for $6.78 mil ($452/sf). Constructed in 2005, the building is currently occupied by a single tenant, Dollar Tree, under a triple-net lease.
The free-standing build...
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• Bay Area Strip Center Gets New Owner in $9 Mil Deal
10/28/24
TownCentre Capital has purchased Twin Canyon Shopping Center, a 23.1k sf, retail strip center in San Ramon, CA, for $9 mil ($390/sf). Built in 1980, Twin Canyon Shopping Center sits on 2.36 acres at 2450-2550 San Ramon Valley...
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• Two=Tenant Retail Asset in Colorado Sells for $364/sf
10/28/24
A newly developed, 9.6k sf Class A retail investment property in Windsor, CO traded for $3.5 mil, or $364/sf. The property is leased on a NNN basis to two tenants: Rogers Brewing LLC (dba Mash Lab Brewing) and Infusion Archit...
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• New Inland Empire Chase Bank Retail Ground Lease Goes for $4 Mil
10/28/24
A Chase Bank retail property ground lease in the Inland Empire was acquired by a CA-based private investor in a $4 mil deal. The 3.5k sf building was constructed in 2024 and sits on 1.57 acres at 27980 Clinton Keith Rd in Mur...
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• Colorado 7-Eleven Sells for Over $2,000/sf
10/25/24
A CA-based private investor paid $8.33 mil for a 7-Eleven property in Thornton, CO. 7-Eleven has 14 years remaining on its corporate-guaranteed lease.
The 4k sf ($2,082/sf) building sits on 1.21 acres at 52 W. 84th Ave. The ...
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• SteelWave and SteerPoint Capital Buy 593k sf Retail Center in Simi Valley
10/23/24
San Mateo-based SteelWave and LA -based SteerPoint Capital recently closed on the purchase of Simi Valley Town Center, a 593.8k sf shopping center in Simi Valley. According to industry sources, the deal closed at about $38 mi...
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• Former Potato Barn in Arizona Sells in $3.6 Mil Deal
10/23/24
An 18.3k sf commercial property in Chandler, AZ was acquired by Taroko, US Corporation in a $3.6 mil ($197/sf) transaction. The property, located at 865 N. 54th St, within the Chandler Pavilions center, was formerly home to P...
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• Unique L.A. Area Theater Property Hits the Market
10/22/24
Here’s some info on an interesting commercial property listing in Los Angeles that landed in our newsroom. The property is the historic, 100-year-old Highland Theater property in the city’s Highland Park area. The asset is lo...
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• Pennsylvania Investor Spends $2 Mil on Yucca Valley Ground Lease for a New Quick Quack Car Wash
10/22/24
A private investor from Newton, PA acquired a new construction Quick Quack Car Wash in Yucca Valley, CA for $2.04 mil for the absolute triple-net ground lease. The car wash is located on a pad within a Stater Bros-anchored sh...
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• East Bay Single-Tenant Jack in the Box Property Sells for Over $1,500/sf
10/15/24
A private investor from Thousand Oaks paid $4 mil for a 2.6k sf ($1,538/sf), corporate single-tenant property occupied by Jack in the Box Drive-Thru in Alameda.
The drive-thru property, originally renovated in 1991, sits on ...
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• Sunnyvale Mixed-Use Development Celebrates Official Grand Opening
10/11/24
Cityline, a new transit-oriented, mixed-use destination in downtown Sunnyvale, celebrated its official grand opening this month. The project is a development of STC Venture LLC, a joint venture between affiliates of Hunter Pa...
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• OC Investor Pays $376/sf for Retail/Medical Building in Aliso Viejo
10/08/24
An Irvine-based private investor purchased a two-story, 25k sf retail and medical building within Aliso Viejo Town Center, a 380k sf community center in Aliso Viejo, for $9.4 mil ($376/sf). The center is anchored by Ralphs, C...
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• Retail Center in Hermosa Beach Sells for Over $500/sf
10/02/24
In a notable retail trade out of L.A.’s South Bay region, Chartwell Real Estate Development paid $27.8 mil for Park Pacific Shopping Center, a 49.9k sf, ($557/sf) grocery-anchored retail center in Hermosa Beach. This marks th...
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• Murrieta Retail Property Sells for $975/sf
10/02/24
A two-tenant, 5.1k sf retail property in Murrieta traded hands in a $5 mil transaction. The property, located at 27970 Clinton Keith Rd, was recently built in spring 2024 and is fully occupied by Verizon Wireless and Chipotle...
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• Single-Tenant Walgreens Asset in Texas Trades
10/01/24
An Alexandria, Louisiana-based private investor purchased a 14.5k sf, single-tenant Walgreens-occupied property on an outparcel to a Kroger-anchored shopping center in an affluent suburb of the Houston, TX metro area.
Built ...
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• Colorado Neighborhood Center Sells for $545/sf
9/30/24
Harmony Commons, a modern 25.7k sf neighborhood shopping center in Fort Collins, CO, traded for $14 mil, or $545/sf. Built in 2017, the unanchored neighborhood center consists of two multi-tenant, single-story retail building...
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• Colorado Take 5 Oil Change Property Sells for $1,667/sf
9/29/24
A local 1031 exchange investor paid $2 mil for a 1.2k sf ($1,667/sf), Take 5 Oil Change property in Arvada, CO. The tenant has a new 20-year lease in place at the property, located at 6795 Wadsworth Blvd.
The property is wel...
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