NAI Capital Completes Multi-Tenant Retail Investment Sale in Chino, CA
Los Angeles, CA, Tuesday, August 22, 2017– Executive Vice President, Fariba Kavian with NAI Capital’s West Los Angeles office completed an investment sale of an 11,492 square foot multi-tenant retail pad in Chino, Calif. The seller, Rancho Del Chino LLC, was represented by Kavian in the transaction. The buyer was Edga Ventures. The transaction totaled $3 million or $261.05 per square foot.
The property is located at 14589-14599 Ramona Avenue. It is situated at the main entrance into the Rancho Del Chino Center on the northeast corner of Norte Lane on Ramona Avenue, along a strong retail corridor with numerous national retailers. The building was constructed in 2007, as part of multi-tenant pad located in a retail community center that is part of Rancho Del Chino which is anchored by JC Penney, Home Depot, McDonald’s and other retailers. At the time of the sale, the property was 100% occupied and the new buyer will remain an occupant in the building.
Kavian said, “Owner-users continue to use real estate as a great tool to take control of their own fate and build wealth. This was a great opportunity for a local business owner, who knows the retail market, to capitalize on the future upside.”
About NAI Capital
NAI Capital is the largest independently owned full service commercial real estate firm headquartered in Southern California. As one of the largest members of NAI Global, the premier managed commercial real estate service network with 400 Industrials and 7,000 market leaders spanning the globe, NAI Capital provides a complete range of transaction, valuation, investment, property management and consulting services. By leveraging our local expertise with our global reach, NAI Capital offers innovative, customized solutions and seamless service to owners, tenants, investors and developers throughout Southern California. NAI Capital clients have built their businesses on the power of our expanding network. We are a dynamic growing commercial real estate company. At NAI Capital we work together putting our clients first.
NAI Capital Brokerage CA BRE #01990696.
To learn more, visit www.naicapital.com.
About NAI Global
Founded in 1978, NAI Global is a leading global commercial real estate brokerage firm. NAI Global Industrials 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 400 Industrials strategically located throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 7,000 local market professionals, managing in excess of over 425 million square feet of property. 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.
To learn more, visit www.naiglobal.com.
# # #