HMart Leases 116,327 Square Feet At 8550 Chetle Avenue In Whittier From Clarion Partners
8550 Chetle Avenue
Building Size
116,327 SF
Asset Type
Retail
Closing
Apr 29, 2026
AI
The property asset involved in this transaction is a retail space located at 8550 Chetle Avenue in Whittier. It consists of 116,327 square feet and is part of a market that is currently facing challenges, with demand turning negative and rents declining.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 8550 Chetle Avenue
- Market: Whittier
- Landlord: David Gilbert - Clarion Partners
- Tenant: Il Yeon Kwon - HMart
This transaction highlights the involvement of HMart, which signed the lease for the distribution node, expanding its regional logistics footprint. The agreement also aids in reducing vacancy rates in a submarket facing industrial occupancy challenges.
Players
Whittier Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93