CBRE Socal Retail Advisory Acquires 22-location Portfolio In California For $138M
CBRE brokers deal for $138,000,000 in California
Summary
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.
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