Western Prime Holdings LLC Acquires Woodland Hills Property From J Globo LLC For $24.5 Million

The property asset involved in this transaction is Mayhew Plaza Shopping Center, located at 22631-22653 Ventura Blvd, Woodland Hills, CA. The shopping center was sold for $24,500,000.00 and features a total of 39,867 square feet of retail space. The property was built in 1962 and underwent renovations in 1999. At the time of sale, it was reported to be 96.2 percent occupied, with Smart & Final Extra! acting as the anchor tenant.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $24,500,000.00
• Address: 22631-22653 Ventura Blvd, Woodland Hills, CA
• Market: Woodland Hills
• Buyer's Representative: Joseph "Joe" Penich - Keller Williams
• Buyer: Western Prime Holdings LLC
• Seller: J Globo LLC
• Square Footage: 39,867 SF
• Occupancy Rate: 96.2%

Joseph "Joe" Penich of Keller Williams Commercial represented Western Prime Holdings LLC in the acquisition. The seller, J Globo LLC, was represented by Thomas Kim and William Shin of GTR Consulting Group. The transaction highlights the collaboration between these entities within the retail real estate sector.