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December 11, 2023
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• Imperial Valley 7-Eleven Ground Lease Fetches $2.4 Mil
An OC-based private investor paid $2.4 mil for a new construction, single-tenant property occupied by a 7-Eleven convenience store and gas station in Imperial Valley. The new 15-year absolute triple-net ground lease sale work...
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• La Habra Strip Center Purchased by All-Cash Exchange Investor
The Row on Harbor, a 23.3k sf, newly renovated retail strip center located within Orange County in La Habra, was acquired by a 1031, all-cash buyer. The price was not disclosed. Renovated in 2020, The Row on Harbor is 100%-l...
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• Single-Tenant Sherwin-Williams Store in Beaumont Sells for $3.24 Mil
A Hemet-based private investor paid $3.24 mil for a newly developed, 4k sf single-tenant net-lease retail pad building occupied by Sherwin-Williams in Beaumont. The deal had a 4.50% closing cap rate. The Sherwin-Williams pro...
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• Recent Leases Bring San Mateo Power Center to Fully Leased
Bridgepointe Shopping Center, a 572k sf retail power center in San Mateo, is now fully leased, thanks to 131.2k sf of leases signed over the past three years. The center, located at 2280 Bridgepointe Pkwy, was redeveloped fro...
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• Zippy’s Property Trades in $4.7 Mil Deal
A Hawaii-based private investor paid $4.7 mil in the leased fee buy of a single-tenant retail property occupied by Zippy’s, an iconic Hawaii-based fast casual restaurant chain serving American, Japanese, Chinese, and Hawaiian...
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• Seattle Retail Market Remains Stable
This report provided by real estate services firm Kidder Mathews Seattle Retail CRE Market Update – 1st Qtr 2023 The pandemic created a monumental shift in the way consumers live, work and shop and three years later, most m...
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• Planet Fitness-Occupied Property in Ventura Goes for $6.4 Mil
A private investor from Ventura paid $6.4 mil for a newly renovated, 24k sf ($267/sf) single-tenant property now occupied by Planet Fitness adjacent to Ventura College in Ventura. The property was sold by an affiliate of MJL ...
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• NewMark Merrill Companies’ San Diego Office Celebrates 20 Years
Next month, Calabasas-based NewMark Merrill Companies celebrates the firm’s 20-year anniversary of when the company first opened its San Diego Division office to oversee the San Diego, Riverside and Orange County regions. In ...
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• Wood Investments Companies Picks Up Former Kmart Building in Big Bear Lake
Wood Investments Companies Inc acquired a former Kmart building on 7.49 acres in Big Bear Lake, CA, SoCal’s popular mountain resort community and destination. Big Bear Lake is home to over three million annual visitors who co...
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• Historic Renovation/Redevelopment Project Leaves Its Mark in Riverside
Work has wrapped up on The Mark, a mixed-use, seven-story residential and retail building in the heart of Riverside’s historic core. The project, which required finding a balance between historic preservation and modern renew...
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• Western U.S. Arby’s Portfolio Trades for $35 Mil
A 22-property Arby’s portfolio located in Iowa, Montana, North Dakota, Nebraska, and Wisconsin traded hands for $35.126 mil. The transaction is part of a $52.6 mil disposition assignment with 28 properties closed and five cur...
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• Fast5Xpress Car Wash in Ontario Sells for $3.5 Mil
An OC-based private investor purchased a new construction, single-tenant property occupied by Fast5Xpress Car Wash in Ontario, adjacent to the Ontario Mills Mall, one of the top shopping and tourist destinations in California...
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• Sky Zone Leases Rancho Cucamonga Space
Sky Zone inked a lease for 30.7k sf of space in Rancho Cucamonga for a new Sky Zone indoor entertainment park. The space, located at 12449 Foothill Blvd, is part of the 550k sf Wal-Mart- and Food 4 Less-anchored Foothill Mark...
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• Sterling Organization Purchases Two Bay Area Retail Assets for $40 Mil
Sterling Organization recently acquired two Bay Area retail properties in a deal valued at $40.45 mil. The acquisition consisted of Franciscan Center, a 106.8k sf retail center, and Mohave Center, a 10.2k sf strip center, bot...
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• The Caine Group Buys 28k sf of Properties in Carlsbad Village
The Caine Group picked up three contiguous parcels totaling 28.4k sf in Carlsbad Village for $6.67 mil ($235/sf). The properties are located at 2801 Roosevelt St and 2780 – 88, 2802 State St. Mas Fina Cantina owner Andy Davi...
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• NewMark Merrill Companies Acquires 84k sf San Fernando Valley Retail Center
NewMark Merrill Companies Inc has acquired Corbin & Parthenia shopping center, an 83.7k sf community retail center located at 19555-19641 Parthenia St in the western San Fernando Valley community of Northridge. This is the ei...
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• TTM Real Estate Capital Pays Around $80 Mil for HHLA Retail Center in Westchester
TTM Real Estate Capital, a subsidiary of Cannon Commercial, has acquired HHLA, the 245.4k sf retail center that makes up part of the Howard Hughes Center mixed-use campus in Westchester, adjacent to Playa Vista on L.A.’s west...
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• Organic Grocery Store Erewhon Brings Culver City Mixed-use Project to Fully Leased
The Culver Steps, a 120k sf mixed-use development in the heart of downtown Culver City, is fully leased. The project, located at 9300 Culver Blvd, across from the historic Culver Studios and Culver Hotel, is a development of ...
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• Inland Empire Absolute NNN Ground Lease of a Dutch Bros Coffee Drive-Thru Goes for $2.3 Mil
A Los Angeles-based private investor paid $2.3 mil for the absolute NNN ground lease of a brand-new construction, single-tenant property occupied by Dutch Bros Coffee Drive-Thru in the Inland Empire. The property is part of H...
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• Sakioka Farms Pays Over $500/sf for Ontario Retail Center
Sakioka Farms purchased New Haven Marketplace, a newly constructed, 95k sf grocery-anchored shopping center located in Ontario, for $54.3 mil ($ 572/sf). The seller was Frontier Real Estate Investments. New Haven Marketplace...
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