NAI Capital Completes Single-Tenant Investment Sale Of Pollo Campero Fast Food Restaurant
Los Angeles, CA, Tuesday, May 02, 2017– Executive Vice President, Sheri Messerlian with NAI Capital’s Torrance office along with Glenn Matsushima of Matsushima Realty completed a single tenant investment sale of a 4,025 square foot Pollo Campero restaurant in Van Nuys, Calif. The seller, SKG Investments, LLC, was represented by Messerlian and Matsushima in the transaction. The buyer was Sid & THOM LLC. The transaction totaled $3.65 million or $906.83 per square foot at a 5.63% cap.
The Pollo Campero property is located at 7249 Van Nuys Boulevard. It is situated at the southwest corner of Van Nuys Boulevard and Wyandotte Street, along a strong retail corridor with numerous national retailers. The building constructed in 1999, as freestanding drive through fast food restaurant, sits on a retail pad as part of a vibrant shopping center that houses Super King market, Habit Burger, and other retailers. The property is 100% leased to a Pollo Campero local area franchisee.
Pollo Campero is a highly successful quick-casual restaurant concept serving authentic Latin flavor dishes and is considered the home of Authentic Latin Chicken. It is the largest Latin chicken restaurant in the world. There are more than 67 locations in the U.S. and more than 300 Pollo Campero restaurants around the world.
Messerlian said, “Pollo Campero has been very successful at this location for years. This is a solid investment and we continue to see demand from our investor clients for these type single-tenant deals with credit tenants.”
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 #00806840.
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.
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