Commercial Asset Group Negotiates Sale of 4,200 SF Retail Building in Los Angeles

5520-San-Vicente-LA Neighborhood Market occupies the 4,200-square-foot retail building located at 5520 San Vicente Blvd. in Los Angeles.

LOS ANGELES — Commercial Asset Group has brokered the sale of a retail building located at 5520 San Vicente Blvd. in Los Angeles. A Burbank-based family partnership acquired the property from Wilshire Vista of Hollywood for $4.2 million.

Built in the 1930s, the 4,200-square-foot, single-tenant property was renovated in 2014. Neighborhood Market, a chain of grocery stores with a large online/delivery presence, occupies the freestanding building.

David Aschkensay of Commercial Asset Group represented the buyer and seller in the transaction.

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