Reliable Properties Acquires Northgate Market-anchored Shopping Center In Compton From CHK Investment Group
15101 Atlantic Avenue
Building Size
62,287 SF
Asset Type
Retail
Closing
Sep 25, 2025
AI
The property involved in the transaction is a retail asset located at 15101 Atlantic Avenue in Compton, California. This shopping center spans 62,287 square feet and is anchored by a Northgate Market. Reliable Properties acquired the asset in an all-cash deal and completed the transaction in under 30 days.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 15101 Atlantic Avenue
- Market: Compton
- Square Footage: 62,287
- Buyer: Reliable Properties
- Seller: CHK Investment Group
- Buyer's Representative: Connor Martin, Max Weller & Joseph Daurio - Allure Capital Management
- Seller's Representative: Realtyland
This off-market transaction reflects the demand for ethnic grocery-anchored shopping centers in California, highlighting the market dynamics pertinent to this asset type. The representatives involved, Connor Martin, Max Weller, and Joseph Daurio from Allure Capital Management, facilitated the purchase for Reliable Properties.
Players
Compton Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.82%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93