REBusinessOnline

NAI Capital Brokers $24.8M Sale of 151,000 SF Retail Center in Alhambra

ALHAMBRA, CALIF. — NAI Capital has arranged the sale of Fremont Plaza, a retail power center located at 2500-2588 W. Commonwealth Ave. in Alhambra. City of Alhambra Successor Agency sold the property to an CTF Development NV for $24.8 million. At the time of sale, the property was 100 percent leased to Toys R Us, Party City and PetSmart. The sale also includes two ground leases to El Pollo Loco and Taco Bell. Situated on 7.4 acres, the property consists of three parcels. Scott Martin of NAI Capital represented the seller in the deal.

Content Partners
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Walker & Dunlop

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