Costco Wholesale Corporation Acquires Retail Property In Chino Hills For $37.5M

A retail property located at 12945-13225 Peyton Drive in Chino Hills has been sold. The property spans a total of 158,421 square feet and was sold for $37,500,000, resulting in a price per square foot of $237. The transaction took place between the seller, LNR Partners, and the buyer, Costco Wholesale Corporation. The deal was facilitated by Barclays Harty and Motti Farag of Strategic Retail Advisors.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $37,500,000
• Square Footage: 158,421
• Price per Square Foot: $237
• Address: 12945-13225 Peyton Drive, Chino Hills
• Market: Chino Hills
• Buyer: Costco Wholesale Corporation
• Seller: LNR Partners
• Brokers: Barclay Harty & Motti Farag - Strategic Retail Advisors

The sale transaction of this retail property was successfully closed with the involvement of key individuals and companies. Costco Wholesale Corporation acted as the buyer, while LNR Partners served as the seller. Serving as the brokers in the deal were Barclay Harty and Motti Farag, representing Strategic Retail Advisors.