Property Ventures Of Marin Acquires South Hills Plaza Retail Center In West Covina For $35.9M

Property Ventures of Marin has acquired the South Hills Plaza retail center in West Covina, California. The property, located at 1410-1432 South Azusa Avenue, is situated on 8.49 acres of land. The retail center spans 126,164 square feet and was originally built in 1982, with renovations completed in 2005. The transaction took place on July 10, 2023.

Summary of Transaction Details

• Property Type: Retail
• Transaction Amount: $35,900,000
• Price per square foot: $285
• Market: West Covina

The buyer, Property Ventures of Marin, was represented by Tony Hakimian from the agency. The seller in the transaction was LT Global Investment. The brokerage services for the deal were provided by Kidder Mathews.

It is worth noting that the South Hills Plaza retail center was acquired by Property Ventures of Marin for a total of $35.90 million. The property presents a significant investment opportunity in the West Covina market, with its prime location and spacious square footage.