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12/28/20
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Engineering Model Associates Inc paid $6.5 mil for a 22.3k sf ($291/sf), single-tenant retail building in La Habra. The property, located at 250 N. Harbor Blvd, is NNN-leased on a long-term basis to Harbor Freight Tools, a national retailer established in 1977 that specializes in the sale of high-quality tools and accessories.
The building was renovated most recently in 2017 to reflect the new Harbor Freight Tools building prototype. It sits on 1.95 acres in La Habra, a northern Orange County residential community. This infill location sees traffic counts exceeding 36,500 vehicles a day and serves more than 128,000 residents within a three-mile radius.
Daniel Tyner and Adam Friedlander with JLL Retail Capital Markets represented the seller, SBH Real Estate Group.
“The net-leased market continues to show signs of strength and liquidity despite the events surrounding COVID-19,” Tyner said. “The market continues to prove that net-leased real estate with a strong credit profile and essential tenancy is as strong as ever.”
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