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15101 Atlantic Avenue

Reliable Properties Acquires Northgate Market-anchored Shopping Center In Compton From CHK Investment Group
SOLDRetail

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

Connor Martin

Allure Capital Management

Broker

$161.1M

vol

5 deals

Broker
Allure Capital Management
Allure Capital ManagementBrokerage

Compton Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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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