The property asset involved in this transaction is a single-tenant retail property located at 12419 Norwalk Blvd, in Norwalk, CA. It was sold for $5,600,000, which equates to $421 per square foot, and encompasses a total area of 13,298 square feet. The property has been occupied by Bank of America for over 50 years and has four years remaining on its lease.

Summary of transaction details:

• Property Type: Single-tenant retail
• Transaction Amount: $5,600,000.00
• Address: 12419 Norwalk BLVD, Norwalk, CA
• Market: Norwalk
• Buyer: Hope & Happy LLC
• Seller: TIMSA LLC
• Buyer's Representative: Juliet Shoham (Nelson Shelton & Associates)
• Seller's Representatives: Kyle Gulock, Matt Kramer (Pegasus Investments Real Estate Advisory)
• Square Feet: 13,298

The transaction was brokered by Charles Dunn Co., specifically involving the Bank Property Group, which included Kyle Gulock and Matt Kramer representing the seller, TIMSA LLC. Juliet Shoham represented the buyer, Hope & Happy LLC, highlighting the collaboration and effort from both sides in this real estate deal.