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Telos Capital, Warner Pacific Sell 96,885 SF Monrovia Landing Retail Center in California for $30.5M

Monrovia-Landing-Monrovia-CA

ALDI Food Market, TJ Maxx/Home Goods, Ulta Beauty and O’Reilly Auto Parts are tenants at the 96,885-square-foot Monrovia Landing in Monrovia, Calif.

MONROVIA, CALIF. — A partnership between Pasadena, Calif.-based Telos Capital and Warner Pacific Properties has completed the disposition of Monrovia Landing, a grocery-anchored retail asset located in Monrovia. A Los Angeles-based buyer acquired the property for $30.5 million as part of a 1031 exchange from a prior sale.

Situated on more than six acres at 723-737 E. Huntington Drive, the center features 96,885 square feet of retail space. At the time of sale, the property was 100 percent leased to a variety of national-credit tenants, including ALDI Food Market, TJ Maxx/Home Goods, Ulta Beauty and O’Reilly Auto Parts.

Philip Voorhees, Alex Kozakov, Patrick Wade, Sean Heitzler and Jimmy Slusher of CBRE represented the seller, while Sheila Alimadadian of Marcus & Millichap represented the buyer in the transaction.

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