Faris Lee Brokers $10M Sale of Rite Aid-Occupied Property in Los Angeles

by Nellie Day

LOS ANGELES — Faris Lee Investments has arranged the sale of a retail property located at 959 Crenshaw Blvd. in Los Angeles. Rite Aid occupies the 12,573-square-foot building, which is situated on 1 acre.

A Newport Beach-based private seller sold the property to a Beverly Hills-based private buyer for $10 million.

Nicholas Coo, Thomas Chichester, Joseph Chichester and Matt Brooks of Faris Lee represented the seller and buyer in an all-cash 1031 exchange.

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