Desert Capital Ventures Acquires Property In Whittier For $5.8 Million With Buyer's Rep Drew Wetherhold

The La Pico Plaza, a neighborhood shopping center located at 9150 Painter Ave, Whittier, CA, 90602, was sold for $5,800,000. The retail center spans 20,939 square feet and was fully leased to 14 tenants at the time of the sale. Circle K serves as the anchor tenant for the property, contributing to its appeal in the Whittier market.

Summary of transaction details:

• Property Type: retail center
• Transaction Amount: $5,800,000.00
• Address: 9150 Painter Ave, Whittier, CA, 90602
• Market: Whittier
• Buyer: Desert Capital Ventures
• Seller: Private Investor
• Buyer's Representative: Drew Wetherhold - Marcus & Millichap
• Seller's Representative: Greg Bedell - Progressive Real Estate Partners

Greg Bedell from Progressive Real Estate Partners represented the seller in this transaction, while Drew Wetherhold from Marcus & Millichap represented the buyer, Desert Capital Ventures. The successful sale illustrates the active investment interest in neighborhood shopping centers within the region.