Coda Equities Acquires Three-Building Retail Plaza in Los Angeles for $6.2M

LOS ANGELES — Coda Equities has purchased Verdugo Plaza, a three-building asset located at 3322 Verdugo Road and 2614 Arthur St. in Northeast Los Angeles. A private trust sold the retail plaza for $6.2 million. The buyer was not disclosed.

The asset consists of three freestanding buildings totaling 21,885 square feet. At the time of acquisition, the property was 53 percent occupied.

Karol Le of CBRE represented the buyer and seller in the deal.