Stanford Hotels Group Sells Walgreens-Occupied Retail Building in Huntington Beach for $11.3M
HUNTINGTON BEACH, CALIF. — Stanford Hotels Groups has completed the sale of a single-tenant retail property located at 19001 Brookhurst St. in Huntington Beach. A private 1031 exchange investor acquired the asset for $11.3 million.
Walgreens occupies the 11,838-square-foot building on a triple-net, long-term lease. The tenant has occupied the property, which sits on 1.3 acres, since it was constructed in 2007.
Daniel Tyner and Gleb Lvovich of JLL Retail Capital Markets represented the buyer in the transaction.