NAI Capital Represents Buyer on $2.5M Storefront Retail Sale in Temple City, CA
Los Angeles, CA, August 21, 2018– Senior Vice Presidents, Directors of Healthcare Services Scott Crane and Peter Lund with NAI Capital’s Healthcare Services Group completed the sale of a 4,820 square foot retail storefront building in Temple City, CA. Lund and Crane represented the buyer, Joyous Element LLC. The seller was a private individual. The sale price was $2.5 million or $519 per square foot.
The building is located at 9636 Las Tunas Dr. It is a free-standing retail storefront located on a prime corner lot with huge display windows, an entrance on Las Tunas Dr. and several street facing display windows on Camelia Ave. It features a high ceiling show room and studio with an office loft. The property is in one of the busiest trade areas of Temple City, surrounded by banks, restaurants, markets, shops and offices. The building was occupied by the seller and closed their business down at the time of the sale. The new owner plans to use property for their dental practice.
Crane said, “Small freestanding storefront retail buildings for sale are hard to find. This was a wedding shop & photo studio that will be converted to a dental office. This property is in a great location for my client to place their dental practice. They are extremely pleased with this purchase.”
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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