Retail-KW

Just Closed – Pacific Western Bank | Infill Southern CA | 20 Day Escrow

PURCHASE PRICE: $5,300,000
BUILDING SIZE: ±7,550 SF
LAND AREA: ±0.92 ACRES
PRICE/FT: $701.99
OUR INVENTORY: https://lnkd.in/gGhJYRSq

CLOSING HIGHLIGHTS
Sold all-cash to a private 1031 exchange buyer from Los Angeles

20-day escrow period

Procured a total of 6 offers, with 200+ signed confidentiality
agreements and 22,904 web views

Pacific Western Bank located adjacent to a future brand new El
Super, high-volume grocer, and fronting Interstate 5

Chick-fil-A | $4.56M | Extremely Low Ground Rent | Trophy 20-YEAR Ground Lease 405 FWY Off-Ramp Target Outparcel | Los Angeles County

PURCHASE PRICE: $4,569,000
CAP RATE: 3.25%
CURRENT NOI: $148,500
BUILDING SIZE: ±2,000 SF
TRAFFIC COUNTS: 23,000 CPD
DOWNLOAD OM: https://lnkd.in/gUCTJmgZ

INVESTMENT HIGHLIGHTS
Ideal 1031-Exchange NNN Ground Lease Investment with Corporate Guarantee.
Newer Construction Chick-Fil-A with Double Drive-Thru.
Newer 20-Year Absolute NNN Ground Lease.
Extremely Low Rent/Lower Price Point Chick-Fil-A in SoCal.
Highly Strategic and Desirable Real Estate Location in Southern California.
Easy Freeway Access.
Lack of Nearby Competition.
Hard Corner Lot Location and Adjacent to Target Center.
Dense Southern California Demographics.

Just Closed: Vacant 5,750 SF Freestanding Retail | Torrance, CA
PURCHASE PRICE: $3,250,000
BUILDING SIZE: ±5,750 SF
LAND AREA: ±43,467 SF
OCCUPANCY: 0%
INVENTORY LIST: https://lnkd.in/g4Aceub

JUST CLOSED: Vacant 25,977 SF Freestanding Retail | Norwalk, CA

PURCHASE PRICE: $7,100,000
BUILDING SIZE: 25,977 SF
PARCEL SIZE: 2.12 AC
OCCUPANCY: 0%
VIEW INVENTORY: https://lnkd.in/gbzeKD8

TRANSACTION HIGHLIGHTS
Sold 100% vacant (former Office Depot & Starbucks) – Ideal re-positioning opportunity.

Sourced off-market using targeted marketing campaign.

605 Freeway off-ramp/on-ramp location with freeway pylon signage.

Over 2 acres of land as a pad to Target.

High barrier to entry market in a supply constrained market.

Just Closed: Wendy's | NNN Lease | 1031 Exchange Buyer | Burlington, NC

PURCHASE PRICE: $3,766,342
PRICE PER SQ. FT.: $1,094.87
BUILDING SIZE: 3,440 SF
PARCEL SIZE: 1.1 AC
INVENTORY LIST: https://lnkd.in/gbzeKD8

TRANSACTION HIGHLIGHTS
Sold to 1031 Exchange Buyer from Southern California

Absolute NNN Lease with 17+ Years Remaining, Guaranteed by 75+ Unit Franchisee

Recently Renovated Wendy’s in the Trade Area of Burlington, North Carolina

Just Listed: Rare 15 Year Corporate NNN Lease | Starbucks Drive-Through | Affluent Orange County Location

PURCHASE PRICE: $7,705,000
CAP RATE: 3.75%
CURRENT NOI: $289,000
TRAFFIC COUNTS: 50,000 CPD
DOWNLOAD OM: https://lnkd.in/gTubV8Fs

IDEAL 1031 EXCHANGE NET LEASE INVESTMENT WITH STRONG CORPORATE GUARANTEE
Brand New Remodel Starbucks with Drive-Thru
Rare 15-Year Corporate Guaranteed Lease
Limited Landlord Responsibilities

LOCATED OFF CA-91 FWY IN HIGHLY AFFLUENT AREA
Highly Strategic Net Lease Location
Commercial and Residential Proximity
Exceptional Demographics

Just Sold: 200k SF Grocery-Anchored Center | Mesa (Phoenix), AZ

PURCHASE PRICE: $17,600,000
TOTAL GLA: ±204,507 SF
PARCEL SIZE: ±15.94 AC
TOTAL OFFERS: 10+
https://lnkd.in/gr67kNAb

CBRE Announces Sale of Grocery-Anchored Retail Center - Mesa Ranch Plaza in Mesa, AZ - to SimonCRE for $17.6 Million.

CBRE’s Alex Kozakov, Patrick Wade, Matthew Greenberg, Andrew Fosberg and Dylan Brown represented the seller, a California-based private real estate company.

Mesa Ranch Plaza, located at 1008-1142 E. Southern Avenue, houses such daily needs retailers as grocer Los Altos Ranch Market, home-goods store DD’s Discounts, shoe retailer WSS, as well service-oriented tenants such as Dentistry for Children and Rapido Express Income Tax. The site also features undeveloped land at the corner of Solomon and Southern Avenue, which is permitted for retail uses and provides an extra value-add opportunity for the buyer. The property currently has 64,547 square feet of vacant space, which represents approximately 32 percent of the overall gross leasable area.

“The Phoenix metropolitan area has recently seen significant population growth and retailer demand,” said Kozakov. “While Mesa is an established submarket with significant retail shopping center competition, SimonCRE saw a unique opportunity to stabilize the shopping center through capital improvements and lease up. Their local expertise and relationships gave them confidence in increasing occupancy.”


The deal received more than 10 offers, and the property sold above the listing price.

“The grocery anchor Los Altos Ranch Market provides a strong customer draw to the center,” said Wade. “Consisting of five separate parcels, the property provides the buyer with good flexibility.”

Kozakov, Wade and Greenberg also represented SimonCRE in the transaction.

JUST CLOSED – Two-Tenant Habit Burger NNN Investment Pad | Santa Barbara County

TRANSACTION HIGHLIGHTS
PURCHASE PRICE: $2,975,000
PRICE PER SF: $762.82
BUILDING SIZE: 3,900 SF
PARCEL SIZE: 28,314 SF
VIEW INVENTORY: https://lnkd.in/gbzeKD8

2nd Team to List Asset for Sale for Seller and Procured Multiple Offers Within First 3 Weeks of Marketing.

Sold at 99.66% of List Price to an All Cash Southern CA Buyer.

Closed Prior to Aly’s Restaurant Opening for Business.

Excellent Tertiary Location with High Barriers to Entry.

CALL FOR OFFERS DUE 9/23/2021: Urban Core Retail Investment | Marshalls & Petco | East Hollywood, CA

PURCHASE PRICE: $30,298,000

CURRENT NOI: $1,454,312

CAP RATE: 4.80%

BUILDING SIZE: ±42,916 SF

VIDEO: https://youtu.be/sKO5-GN-eag

DOWNLOAD OM: https://lnkd.in/gp3Az3wh

The Gershwin Lofts

JUST CLOSED – SoCal T-Mobile and Starbucks with Drive-Thru

TRANSACTION HIGHLIGHTS
PURCHASE PRICE: $2,895,000
PRICE PER SQ. FT.: $827.14
BUILDING SIZE: 3,500 SF
PARCEL SIZE: 17,424 SF
VIEW INVENTORY: https://lnkd.in/gbzeKD8

+ Sold to an All-Cash Private Investor from Southern California

+ Short Due Diligence Period and Thirty-Day Escrow

+ 2nd Team to List Asset for Sale for Seller - Procured 6 All-Cash Offers Within 2 Weeks of Initial Marketing Campaign

+ 10th Starbucks Our Team Has Sold in Southern California Since 2019

CALL FOR OFFERS DUE 9/23/2021: Urban Core Retail Investment | Marshalls & Petco | East Hollywood, CA

PURCHASE PRICE: $30,298,000
CURRENT NOI: $1,454,312
CAP RATE: 4.80%
BUILDING SIZE: ±42,916 SF
DOWNLOAD OM: http://retailkw.listinglab.com/TheGershwinLofts/index.cfm?doLDPage=1

INVESTMENT HIGHLIGHTS
FULLY OCCUPIED, HIGH CREDIT PASSIVE INVESTMENT
Rare Opportunity to Acquire a 3-Tenant Urban Retail Center in Prime East Hollywood
First Tier/High Credit Tenancy and Strong Store Sales
Upside in Rents and Secure Cash Flow
Debt Free Asset
Institutional Quality Development
Intrinsic Land Value
Minimal Rent Deferral

EXCELLENT LOS ANGELES COUNTY LOCATION WITH STRONG REAL ESTATE FUNDAMENTALS
Ideal Mass Transit and Commuter Location
Residential and Commercial Proximity
Exceptional Southern California Demographics
Convenient Regional and Local Location