CBRE Brokers Sales of Three Dollar Stores in Metro LA Totaling $12.4M

WALNUT PARK, HUNTINGTON PARK AND HAWTHRONE, CALIF. — CBRE has arranged the sales of three 99 Cents Only stores in Walnut Park, Huntington Park and Hawthorne. The combined transaction value of the sales is $12.4 million.

M&M Investments purchased the 7,943-square-foot location at 2566 E. Florence Ave. in Walnut Park, while Aria Venture Capital acquired the 15,000-square-foot property at 6124 Pacific Blvd. in Huntington Park and the 15,000-square-foot location at 13023 Hawthorne Blvd. in Hawthorne.

All three locations are occupied by 99 Cents Only on a 10-year, triple-net lease basis.

Alex Kozakov, Patrick Wade and Matthew Greenberg of CBRE represented the sellers, HKL Gold Inc. and AU Zone Investments #2 LP, on all three deals.