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Portola Real Estate Partners Acquires The Shops At Walnut Hills Plaza For $13.53M

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SOLD
$13,525,000

California

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Retail37,173 SF
Sold 04/20/2026
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Property Image
SOLD

Portola Real Estate Partners Acquires The Shops At Walnut Hills Plaza For $13.53M

18766 Amar Road

See Similar Deals
Retail37,173 SF
Sold 04/20/2026
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Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$363
Total Square Footage:37,173 SF
Transaction Type:Sale

The Shops at Walnut Hills Plaza is a fully leased retail center located at 18718-18766 Amar Road in Walnut, California. The asset spans 37,173 square feet and was sold for $13,525,000, which equates to a price per square foot of $364. The property consists of 19 tenants and is characterized as a necessity-based shopping center, attracting dependable investor interest due to its strong position in the high-income San Gabriel Valley market.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $13,525,000
  • Sale Date: 04/20/2026
  • Buyer: Portola Real Estate Partners
  • Brokers: Roxy Klein & Greg Bedell - Progressive Real Estate Partners
  • Square Footage: 37,173
  • Price Per Square Foot: $364
  • Market: Walnut

Roxy Klein and Greg Bedell from Progressive Real Estate Partners represented the seller in this transaction. The sale of the shopping center occurred as demand for retail properties in the region remained strong, bolstered by a stable tenant mix that is resistant to online shopping trends.

Players

Greg Bedell
33 deals$176.4M volume
BROKER

Roxy Klein
Progressive Real Estate Partners
7 deals$29.9M volume
BROKER

BUYER

Details

SOLD
IMAGE: Roxy Klein & Greg Bedell DATE: 04/20/2026 ADDRESS: 18718-18766 Amar Road MARKET: Walnut ASSET TYPE: Retail BUYER: Portola Real Estate Partners BROKERS: Roxy Klein (@Roxy.Klein) & Greg Bedell (@The_Great_Gregsby) - Progressive Real Estate Partners (@ProgressiveRealEstatePartners) SALE PRICE: $13,525,000 SF: 37,173 ~ PPSF: $364 NOTE: Progressive Real Estate Partners brokered the $13.53 million sale of The Shops at Walnut Hills Plaza, a fully leased 37,173-square-foot retail center in Walnut, California, to Portola Real Estate Partners.The 19-tenant, necessity-based shopping center along Amar Road drew strong investor demand due to its high-income San Gabriel Valley location and stable, internet-resistant tenant mix.

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Debt Service Coverage Ratio (DSCR)

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