Irvine, CA – December 1, 2022 – NAI Capital Commercial is pleased to announce that Senior Vice President Mehran Foroughi with NAI Capital Commercial’s Investment Services Group in the Orange County office completed the purchase of 2,500 square foot of convenience store and full-size service station property net leased to 7-Eleven in Chatsworth, Calif. Mehran represented the buyer, a California based private investor, in the transaction. The seller, Desoto Holding, LLC, was represented by Senior Vice President Alex Kozakov and Patrick Wade of CBRE. The sale price totaled $4,600,000 or $1,840 per square foot.
The 7-Eleven is located on the corner of Nordhoff Street and De Soto Avenue at 9108 De Soto Ave in a high traffic trade area. Average daily traffic counts show 55,500 vehicles per day traveling through that location. The building sits on approximately 22,000 SF with direct access from 3 major freeways: U.S. Route 101, Interstate 118, and 405. The property is leased to 7-Eleven Inc. on a 20-year NNN lease.
Mehran said, “7-Eleven property was built in 2021 as part of larger development. This is a 20-year lease, which is a solid investment for my client, with the security of a corporate guarantee from a billion-dollar company.” Mehran added, “My client is thrilled to add this investment to their portfolio.”
About NAI Capital Commercial
NAI Capital Commercial is the largest agent and employee-owned full service commercial real estate firm headquartered in Southern California. As one of the largest members of NAI Global, a leading global commercial real estate services firm with more than 300 brokerage offices and over 5,100 professionals spanning the globe, NAI Capital Commercial provides a complete range of transaction, valuation, investment, property management and consulting services. By leveraging our local expertise with our global reach, NAI Capital Commercial offers innovative, customized solutions and seamless service to owners, tenants, investors, and developers throughout Southern California. Our clients have built their businesses on the power of our expanding network. We are a dynamic growing commercial real estate company. At NAI Capital Commercial we work together putting our clients first.
About NAI Global
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 300 offices strategically located throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 5,100 local market professionals, managing in excess of 1.1 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.
NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.