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A target store at 704 W Lancaster AveDevon, PA, USA
FinanceIndustry NewsLos AngelesRetail

Westchester Small-Format Target Near LAX Hits Market for $18.7MM at 5% Cap in 25,000 SQFT Net Lease Offering

A 25,400-square-foot small-format Target on S. Sepulveda Boulevard in Los Angeles' Westchester neighborhood is on the market for $18.72 million, a 5 percent...

shabaz-usmani-r-Q4yDBCHpg-unsplash-target
FinanceIndustry NewsLos AngelesRetail

Merlone Geier Sells 117,000 SQFT Goleta Target to McCabe Properties for $61.67MM

Merlone Geier Partners has sold the 116,612-square-foot Target that replaced Goleta's Kmart in 2019 to Colorado-registered McCabe Properties for $61.67 million, public documents...

outdoor shopping center
FinanceIndustry NewsLos AngelesRetail

Pacific Retail Venture Puts Five Lakewood Center Pads on the Block for $67.6MM, Cuts Prices on Two Ahead of Nov. 6 Bids

Five retail parcels on the edge of Lakewood Center are now being marketed together for a combined $67.6 million, with buyers invited to...

tesla-fans-schweiz-2swaWy4Xhb0-unsplash-tesla
FinanceIndustry NewsLos AngelesRetail

Former North Hollywood Kmart Turned Tesla Hub Hits Market With $4.9MM NOI and 122,000 SQFT Building

The owner of 13005 Sherman Way is marketing the 122,423-square-foot former Kmart, now one of Tesla's largest sales, service, delivery and collision centers...

Grocery store
FinanceInland EmpireRetail

One HMS Buys 28,000 SQFT Smart & Final-Occupied Retail Building in Highland for $9.5MM

A private investor has paid $9.5 million for a freestanding Smart & Final store on a signalized Highland corner, wagering that a corporate-guaranteed...

Long Beach Sign leading to downtown
CommercialFinanceIndustry NewsLos Angeles

12,800 SQFT Bank Branch Duo on Long Beach’s 2nd Street Hits Market at $19.5MM

Kidder Mathews is marketing a two-property single-tenant net lease portfolio leased to Bank of America and U.S. Bank along the Belmont Shore and...

Chipotle app on a phone
AECFinanceLos AngelesRetail

New-Construction Chipotle in Palmdale Trades at 4.45% Cap, Lowest for Brand in California in 2.5 Years

The $4.39 million deal for the 2,325-square-foot pad signals aggressive investor appetite for newly built, corporate-guaranteed quick-service restaurants in high-growth Southern California retail...

Long Beach Sign leading to downtown
FinanceIndustry NewsLos AngelesRetail

Charles Company Lists 145,000 SQFT Sports Basement-Leased Long Beach Retail Asset for $28.7MM

The West Hollywood developer is testing the single-tenant net-lease market with a Long Beach asset anchored by a 13-year sporting goods lease, four...

Audi vehicle
FinanceIndustrialIndustry NewsLeasingOrange CountyRetail

Toronto’s Automotive Properties REIT Lands Santa Ana Audi, Volkswagen Dealerships for $30.15MM in Cross-Border Penske Net-Lease Play

The 61,000-square-foot Orange County acquisition closes at a $4.95 million discount to asking and extends the Canadian REIT's push into premium U.S. auto...

alex-shuper-k-3VnLjzfhQ-unsplash-shopping
FinanceLos AngelesResidential

Altemus Company Lists 23,500 SQFT La-Z-Boy-Occupied Retail Property for $9.13MM in Torrance

The single-tenant retail property on Hawthorne Boulevard carries a new 10-year corporate lease extension and a 5.25 percent cap rate, pricing it well...

Whole Foods bag and groceries
FinanceIndustry NewsRetailSan Diego

Essential Capital Advisors Lists 28,000 SQFT Whole Foods in San Diego’s Hillcrest for $34MM

Absolute NNN grocery asset with 29-year operating history and a 3.46 percent cap rate targets long-term investors as the surrounding neighborhood undergoes large-scale...

Dresses on a rack at a fashion store
FinanceIndustry NewsLos AngelesRetail

Theory’s 9,364 SQFT Brentwood Retail Property on San Vicente Blvd Listed for $22.2MM

The single-tenant net lease offering on one of West LA's most coveted retail corridors hits the market at a 5 percent cap rate,...

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