Thursday, March 3, 2011
Colliers International Directs Four Retail Sales Totaling $11.25 million in Greater Los Angeles and Nevada
LOS ANGELES, CA – Colliers International, the second largest global real estate services organization, has completed four retail sales totaling $11,250,000 million in greater Los Angeles area. Jereme Snyder (top right photo), senior vice president in Colliers International’s Irvine office, closed all four sales.
---The sale of a 25,825-square-foot retail building located at 18527 Yorba Linda Blvd. in Yorba Linda, Calif. to a private Orange County-based investor. The transaction is valued at $5,250,000. The property has been leased to Stater Bros. since 1975 and recently executed a new 10-year lease extension.
---The sale of a 2,360-square-foot retail building located at 308 Abbot Street, Salinas, Calif. to a private investor. The transaction is valued at $660,000. This single tenant 7 eleven had a corporate guaranteed NNN lease, and is located at the Southwest corner of Abbot Street and Maple Street. Snyder represented both the seller, Evercore Trust Company and the buyer.
---The sale of a 42,289-square-foot retail building located at 9155 Jurupa Road Riverside, Calif. The transaction is valued at $3,000,000. Snyder and Robert Hoyt, senior vice president based in Collier International’s Irvine office, represented the seller, and the private local buyer represented themselves. This property is the 13th single tenant Stater Bros Market Snyder and Hoyt have sold for Vornado since 2009.
---The sale of a 3,198-square-foot retail building located at 8660 W. Warm Springs Road, Las Vegas, Nevada to a Calif.-based private investor. The transaction is valued at $2.340.000. Built in 2009, the property is a single tenant, free-standing brand new Carl’s Jr, with a 20-year NNN lease with 15% increases every 5 years.
Snyder is a co-founder of Colliers NNN Group, a specialized national investment team within Colliers International with more than $1 billion dollars in completed transactions.
Contact: Angela S. Hwang
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