CBRE Socal Retail Advisory Acquires 22-location Portfolio In California For $138M

CBRE represented the seller, Socal Retail Advisory, in a package deal involving a portfolio of 22 locations in Southern and Northern California. The properties were sold for a total price of $138,000,000, with a total square footage of 251,996. The sale price per square foot was $548. This transaction took place on December 15, 2022. The portfolio included various types of assets.

Summary of transation details

• Property Type: Package Deal
• Transaction Amount: $138,000,000
• Address: Portfolio - 22 Locations (Southern & Northern California)
• Market: California
• Square Footage: 251,996
• Price per Square Foot: $548

Bill Durslag, Dan Riley, Austin Wolitarsky, Simon Mattox, and Kyle Woods from Socal Retail Advisory at CBRE represented the seller in this transaction. They played a key role in facilitating the deal between the seller and the buyer. The involvement of these individuals demonstrates the expertise and experience of CBRE in managing such substantial transactions.