Los Angeles, California – Our NNN Commercial Real Estate news is on a few NNN Commercial Properties being sold. A net leased Retail Shopping Center in Arcadia sold and a Chino Hills NNN Commercial Real Estate development was acquired. The net leased Retail Shopping Center in Arcadia is known as the Arcadia Hub Shopping Center. This NNN Commercial Real Estate development sold for $70 million. The new Net Leased Properties owner will be able to get from approximately $16.00 to $36.57 per square foot for lease terms. This Retail NNN Commercial Property is a well liked, Power Center. This California Net Leased trophy property is approximately 349,799 square feet with a VPD count (cars per day) of about 51,260. The NNN Commercial Property seller was in possession of this net leased investment for about 24 years.
This brilliant NNN Commercial Real Estate development was purchased by a Los Angeles-based private investor. This Net Leased Property private investor will benefit from the anchor tenant which is Vons Pavilions grocery store. This attractive NNN Commercial Property development also has high quality net leased property Tenants including Burlington Coat Factory, JoAnn Fabrics and LA Fitness. This California NNN Commercial Real Estate development is situated at 1201 S. Baldwin Avenue, on Arcadia, with the California zip code of 91007. The net leased Retail Shopping Center is near the cross streets of West Duarte Road and the signalized intersection of South Baldwin Avenue.
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The NNN Commercial Real Estate development is one of the largest retail net leased property transactions for Los Angeles County in recent months. This Californian NNN Commercial Real Estate development was architecturally designed as a two-level retail shopping center. This NNN Commercial Property was so attractive to investors because of the retail property being over 96% net leased at the closing. Also high net worth private investors, real estate investment trusts (REITs) and institutional investors were interested in this type of NNN Property because of the excellent financial history and well traveled retail location in Los Angeles County. The California retail shopping center was originally constructed in 1948. This NNN Commercial Real Estate development had some renovations performed in 1986 and remodeled in 2009.
Chino Hills, California Investment Properties
The second half of NNN Commercial Real Estate development news is from Chino Hills, California. A Net Leased Investment Group helped procure this NNN Commercial Real Estate development sale for $34 million. This NNN Commercial Real Estate development is called the Gateway Village. This NNN Lease Property was offered with assumable CMBS Commercial Loans. This NNN Commercial Property Investment is situated in the growing area of San Bernardino County.
This NNN Lease Property site faces Highway 71 and Grand Avenue. The triple net leased property is sitting at 3550 Grand Avenue, in Chino Hills, with the California zip code of 91709. This California Triple Net Leased Property is anchored by excellent Tenants such as Henry’s Marketplace (Wild Oats Market Inc. owned), Chili’s Restaurant, T-Mobile, Baja Fresh, Juice It Up, Pizza Hut, Bank of America, Chick Fil A, Chevron, and one of our favorite California net lease property Tenants, Coffee Bean and Tea Leaf. The triple net leased property also includes quality tenants Great Clips, See’s Candy, Lindora, Enterprise, and more. Triple Net Lease Property Tenants have the chance for signage available on a monument sign which faces the well traveled Grand Avenue.
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The Triple Net Lease Property is approximately 96,947 square feet. This NNN Commercial Real Estate development is positioned at the northwest quadrant of Grand Avenue and the Chino Valley (State Highway 71) for plenty of retail traffic. The Triple Net Lease Property was architecturally designed as a eight-building property. This NNN Lease Investment was built in 2003, and had some renovations completed in 2006. The California triple net leased property was over 90% net leased at the closing of this NNN transaction.
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