SALES<\/strong><\/p>\nIntercontinental Real Estate Corp., in a joint venture with LaTerra Development, has acquired EZ Access Self-Storage, a 784-unit self-storage facility in Santa Clarita, in an off-market transaction for $27M.\u00a0<\/p>\n
Built in 2000 by the seller, a local property investor, EZ Access Self Storage has nine one-story storage buildings, a separate office and a residential unit used for on-site management. The property has an average customer tenure of six years.\u00a0<\/p>\n
***<\/p>\n
All for Health, Health for All Inc. has purchased a 78K SF office property at 601-607 Glenoaks Blvd. in Burbank from an LLC connected to Jamison for $15.8M.<\/p>\n
CBRE\u2019s Kyle Barratt, Mark Perry, Edward Matevosian and Michell Tutor, in collaboration with Lee & Associates’ Scott Romick and team, represented the seller. LA Premier Group represented the buyer.\u00a0<\/p>\n
The property is composed of two buildings: a four-story, 69K SF structure and a single-story, 9K SF building. The property also includes a multilevel, partially underground parking structure with 250 spaces.<\/p>\n
***<\/p>\n
Marcus & Millichap arranged the $6.2M sale of a four-tenant, triple-net-leased retail pad in Signal Hill.<\/p>\n
The sale closed at a 4.8% cap rate, in part due to long-term leases and early tenant renewals. The buyer closed the transaction in 60 days. Marcus & Millichap\u2019s Sheila Alimadadian in the Newport Beach office exclusively represented the seller, Khouraki Corp.\u00a0<\/p>\n
Jonathan Weir and Stefan Ignjatovic of Marcus & Millichap procured the buyer, D\u2019Oyen Trust. Danny Abergel, executive managing director with Marcus & Millichap Capital Corp., arranged acquisition financing.<\/p>\n
***<\/p>\n
KLM Madison LLC has purchased the leasehold sale of Madison Park, a 97K SF mixed-use medical office and neighborhood retail center at 3445, 3511 and 3525 Pacific Coast Highway in Torrance.<\/p>\n
Newmark’s Kevin Shannon, Ken White and Scott Schumacher represented the undisclosed seller.\u00a0<\/p>\n
The property is made up of a three-story, 51K SF medical office building and two single-story retail buildings totaling 47K SF. It was 87% leased at the time of sale. The major medical tenants include UCLA Health, Coast Surgery Center and Pacific Endo-Surgical Center, and the major retail tenants include Thrive Pet Healthcare, China Buffet Restaurant and MyGym children\u2019s fitness.<\/p>\n
FINANCING<\/strong><\/p>\nBridgeInvest closed a $22.4M loan to Kahl Investments for the acquisition of Park Sierra Center, a 150K SF retail shopping center at 11060\u201311080 Magnolia Ave. in Riverside. The collateral also includes a 3.5-acre parcel east of the main property used for excess parking that may be a future development opportunity.<\/p>\n
The multitenant center is 66% occupied but 100% leased. Superior Grocers will move into 45K SF in early 2026, which will bring occupancy to 100%. Existing tenants include the county of Riverside and Kaiser Permanente.<\/p>\n
***<\/p>\n
Concord Summit Capital arranged $16.5M in C-PACE construction financing for the Marriott Tribute Hotel, a luxury hotel project planned in Santa Barbara. The borrower is Stratus Development Partners.\u00a0<\/p>\n
The development will feature a 105-key hotel with a rooftop amenity overlooking the Pacific Ocean, located in Santa Barbara\u2019s East Beach\/Funk Zone neighborhood. Construction of the Marriott Tribute Hotel in Santa Barbara is expected to commence in September 2025 and take about two years to complete.<\/p>\n","protected":false},"excerpt":{"rendered":"Lincoln Property purchased the San Diego office property at 350 Camino De La Reina. A\u00a0two-building, 350K SF office…\n","protected":false},"author":3,"featured_media":204665,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5134],"tags":[5229,1582,276,26487,112868,112872,112876,112871,112869,112874,112870,3549,7264,112873,112875,67,586,132,5230,68,2969],"class_list":{"0":"post-204664","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-san-diego","8":"tag-america","9":"tag-ca","10":"tag-california","11":"tag-cim-group","12":"tag-deal-sheet","13":"tag-hunter-rowe","14":"tag-la-deal-sheet","15":"tag-lincoln-property-co","16":"tag-lincoln-property-company","17":"tag-los-angeles-deal-sheet","18":"tag-matt-carlson","19":"tag-san-diego","20":"tag-sandiego","21":"tag-the-la-deal-sheet","22":"tag-the-los-angeles-deal-sheet","23":"tag-united-states","24":"tag-united-states-of-america","25":"tag-unitedstates","26":"tag-unitedstatesofamerica","27":"tag-us","28":"tag-usa"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115156726817635327","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/204664","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=204664"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/204664\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/204665"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=204664"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=204664"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=204664"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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