REBusinessOnline

Benson DBS Purchases Two Dollar General-Occupied Properties in Arizona, New Mexico for $3.3M

KINGMAN, ARIZ., AND SILVER CITY, N.M. — Benson DBS has acquired two retail properties for a total of $3.3 million. Dave Hammack of Cushman & Wakefield | PICOR represented the buyer in both transactions.Benson DBS company acquired a new Dollar General-occupied building located at 7265 E. Concho Drive in Kingman. SimonCRE Saltair II sold the asset for $1.7 million. Additionally, the company purchased a new Dollar General-occupied property at 1330 E. 32nd St. in Silver City from Silver …

NKF Brokers $9M Sale of Shoppes at Legacy in Mesa, Arizona

MESA, ARIZ. — Newmark Knight Frank (NKF) has arranged the sale of Shoppes at Legacy, a retail center located at 5609 E. McKellips Road in Mesa. An affiliate of YAM Properties sold the asset to Sperry Equities for $9 million, or $166.17 per square foot.Built in 2006, Shoppes at Legacy features 54,160 square feet of retail space. At the time of sale, the retail center was 90 percent occupied by a variety of tenants, including Cigna Medical Group and Pita Jungle. The transaction included a …

Marcus & Millichap Arranges $6.9M Sale of Three-Property Brakes Plus Retail Portfolio in Colorado

AURORA AND HIGHLANDS RANCH, COLO. — Marcus & Millichap has arranged the sale of a three-building retail portfolio in Colorado. Chi Chis of Colorado Springs LLLP sold the portfolio to The Kathleen Ann Ross Trust, a local private capital investor, for $6.9 million.The properties are located at 16770 E. Iliff Ave. and 24550 E. Smoky Hill Road in Aurora and 9297 S. Broadway in Highlands Ranch. Brakes Plus occupies each building and all three properties have 17 years remaining on the …

Coldwell Banker Brokers $2.9M Acquisition of Dollar General-Occupied Property in Penn Valley, California

PENN VALLEY, CALIF. — Coldwell Banker Commercial has arranged the acquisition of a retail property located at 17652 Penn Valley Drive in Penn Valley. An undisclosed buyer purchased the building for $2.9 million.Dollar General occupies the 9,026-square-foot building, which was built in 2019 on 1.2 acres, on a long-term, absolute net-leased basis.Dan McGue of Coldwell Banker Commercial NRT represented the buyer in the deal. The name of seller was not

Stan Johnson Arranges $2.4M Sale of Childhood Education Facility in Littleton, Colorado

LITTLETON, COLO. — Stan Johnson Co. has brokered the sale of a retail property located at 6000 Grant Ranch Blvd. in Littleton. A California- and Colorado-based family partnership sold the property to BAF Associates, a Maryland-based private investor, for $2.4 million.Knowledge Beginnings, one of several brands under the KinderCare Education group, occupies the single-tenant, 10,400-square-foot property on a net-lease basis.Kelly Largent of Stan Johnson Co. represented the buyer, while …

Marcus & Millichap Brokers $2.1M Sale of Big 5 Sporting Goods-Occupied Retail Building in Arizona

MARICOPA, ARIZ. — Marcus & Millichap has arranged the sale of a retail property located at 41800 W. Maricopa-Casa Grande Highway in Maricopa. A limited liability company sold the building to undisclosed buyer for $2.1 million. Big 5 Sporting Goods occupies the property on a net-leased basis.Mark Ruble, Chris Lind and Jamie Medress of Marcus & Millichap represented the seller in the

CalBay Development Buys 99c Only-Occupied Property in Los Angeles for $3.3M

LOS ANGELES — CalBay Development has acquired the fee interest in a retail property located in the Rowland Heights area of Los Angeles. A private family sold the asset for $3.3 million in an off-market transaction.Situated on two acres, the site is improved with a 20,000-square-foot retail store, which 99c Only occupies on a net-leased

IRA Capital Purchases Element Office Campus in Aliso Viejo for $73.5M

ALISO VIEJO, CALIF. — IRA Capital has acquired Element, a corporate office campus located at 26600, 26650 and 26700 Aliso Viejo Parkway in Aliso Viejo. A joint venture between CrossHarbor Capital Partners and Waterford Property Co. sold the asset for $73.5 million. The buyer purchased the property through its joint venture with a Middle East-based capital partner.Consisting of three two-story buildings, the asset offers 160,000 square feet of office space. In 2019, Glaukos Corp., a …

NKF, Highland Partners Negotiate $14M Sale of Single-Tenant Retail Property in Hawthorne, California

HAWTHORNE, CALIF. — Newmark Knight Frank (NKF) and Highland Partners have arranged the sale of a retail building located at 14351 Hindry Ave. in Hawthorne. A private family office acquired the property from Hawthorne Gateway, a private Los Angeles-based partnership, for $14 million.Bed, Bath & Beyond occupies the property. Bill Bauman, Kyle Miller, Michael Fogel and Matt Schwartz of NKF and Michael Grannis of Highland Partners represented the seller in the

NavPoint Arranges Sale of O’Reilly Auto Parts-Occupied Asset in Colorado for $2.4M

FOUNTAIN, COLO. — NavPoint Real Estate Group has negotiated the sale of a single-tenant retail property located at 7985 Fountain Mesa Road in Fountain. RJ at MMR LLC sold the building to Foothills Property Group for $2.4 million.Built in 2017, the 7,150-square-foot property is part of the Markets at Mesa Ridge shopping center. O’Reilly Auto Parts occupies the building on a net-lease basis.Matt Call and Ian Elfner of NavPoint Real Estate Group represented the seller, while Chris …

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