REBusinessOnline

RETAIL PROPERTY TRADES HANDS FOR $9.8 MILLION

LOS ANGELES — Ron Pelleg, a licensed real estate broker, has completed the disposition and acquisition of a 13,353-square-foot retail property, which is situated on a 40,387-square-foot lot located at 5224 Coldwater Canyon Ave. in Los Angeles. The property, which is triple-net leased to Walgreens until 2063, sold for $9.8 million. The buyer, 5224 Coldwater Canyon LLC, assumed an approximately $5.2 million loan at 5.65 percent for 5 years. The seller was 5224 Coldwater LLC.

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