Foreign Buyer Acquires Retail Condo In Gardena For $4.2M

14170 Crenshaw Blvd, a retail condo located in Gardena, was recently sold for a price of $4,215,000. The property spans a total of 19,166 square feet, resulting in a price per square foot of $219.9. The transaction was facilitated by brokers Alex Kozakov, Patrick Wade, Matthew Greenberg, Jonathan Farasat, and Alexis Abad from Kozwade Retail.

Summary of transaction details

• Property Type: Retail Condo
• Transaction Amount: $4,215,000
• Square Footage: 19,166
• Address: 14170 Crenshaw Blvd, Gardena
• Market: Gardena

This sale attracted multiple competitive offers within the first two weeks of marketing. The brokers successfully navigated through a short and complex due diligence review process with a foreign buyer. Notably, this marks the fifth Starbucks property that the Kozwade Retail team has sold in Southern California in 2019. The property features a newly constructed Starbucks with a drive-thru and a corporate-guaranteed lease with no early kick-outs.