Press Release brought to you by NAI Capital

NAI Capital Completes Sale of 46,609 Square Foot Land Parcel for Redevelopment in Anaheim, CA

08/02/2016

Anaheim, CA, Tuesday, August 02, 2016 – NAI Capital has completed the sale of a 46,609 square foot lot that consisted of a motel and retail property in Anaheim, CA.

Vice President Steve Liu and Senior Vice President Roger Niez of NAI Capital's Irvine office in Orange County represented the seller, 99 Motel, LLC. The buyer, Anaheim Express Car Wash LLC, was self-represented. The buyer plans to redevelop a portion of the property into a car wash.  Sale price was $3.4 million or $72.95 per square foot. 

Located at 924-926 S Beach Blvd - Lyndy's Motel, the two-story property was built in 1961. It is in a densely populated area along a major thoroughfare on S. Beach Boulevard and W. Ball Road. Strategically located, in a highly visible corner, over 80,000 cars drive by the property per day.  

"This location will be an ideal site for Anaheim Express Car Wash as it enables the company to capitalize on the Beach Boulevard Corridor’s huge car traffic," said Niez. "In today’s competitive environment retailers are jumping at the opportunity to acquire great sites. We had multiple offers - this proved to our client the perfect time to sell," Liu added. 

About NAI Capital

NAI Capital Company is one of the Southern California’s leading full-service commercial real estate companies, providing a complete range of transaction, valuation, consulting, investment, and property management services. NAI Capital is one of the largest members of NAI Global, a premier real estate service network with 375 offices and 6,700 market leaders spanning the globe. By leveraging our local expertise with our global reach, NAI Capital offers innovative, customized solutions and seamless service to owners, tenants, developers and investors throughout Southern California. Since 1979, 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 #00806840.

To learn more, visit www.naicapital.com.

About NAI Global

NAI Global is the single largest, most powerful global network of owner-operated commercial real estate brokerage firms. NAI Global provides a full range of corporate 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. NAI Global Member firms, leaders in their local markets, are actively managed to work in unison and provide clients with exceptional solutions to their commercial real estate needs. Founded in 1978, today NAI Global has more than 375 offices strategically located throughout North America, Latin America, Europe and Asia Pacific, with over 6,700 local market professionals, managing over 380 million square feet of property. Supported by the central resources of the NAI Global network, Member firms deliver market-leading services locally and combine their in-market strengths to form a powerful bond of insights and execution for clients with multi-market challenges.

NAI Global was acquired in 2012 by C-III Capital Partners, a leading commercial real estate services company engaged in a broad range of activities, including primary and special loan servicing, loan origination, fund management, CDO management, principal investment, online capital markets, title services and multifamily property management. C-III’s principal place of business is located in Irving, TX, with additional offices in New York, NY, Greenville, SC and Nashville, TN.  

To learn more, visit www.naiglobal.com.

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Source

NAI Capital

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