NAI Capital Completes a $12M Multi-Tenant Retail Center Portfolio Sale in Seal Beach, CA
Los Angeles, CA, June 12, 2018– Senior Vice President, Sheri McCanless with NAI Capital’s Pasadena Office completed the sale of a two-building multitenant retail center in Seal Beach, CA. McCanless represented the seller, Rodi Properties, LLC & Zoeter Place, LLC. The buildings sold for $12 million or $529 per square foot.
The sale included two multi-tenant retail buildings located at 1190 and 1198 Pacific Coast Hwy. The property is in a central location, with ample parking, and great visibility on PCH. At the time of the sale the project was 98% leased.
McCanless said, “Small freestanding retail centers located in very desirable locations rarely are available for sale. The property received several unsolicited offers and closed within one week. This was a great price for the seller and he was very happy with the quick deal.”
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 Offices 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
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices 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 offices strategically located throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 7,000 local market professionals, managing in excess of 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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