Faris Lee Represents Sale Of La Verne Plaza Retail Center For $17.3M

Located in the Los Angeles County community of La Verne, La Verne Plaza is a retail center situated at 2090 Foothill Boulevard. The property, shadow-anchored by Stater Brothers and In-N-Out Burger, was recently sold for $17.3 million in an all-cash transaction. Faris Lee Investments facilitated the sale with Shaun Riley and Nick Miller representing the undisclosed seller and procuring the San Gabriel Valley-based buyer.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $17,300,000.00
• Market: La Verne
• Seller's Rep: Nick Miller (Bright Realty)
• Buyer: Undisclosed

Faris Lee Investments played a crucial role in finalizing the $17.3 million transaction of La Verne Plaza. Shaun Riley and Nick Miller, representing the seller, successfully secured an all-cash deal with a buyer based in the San Gabriel Valley. The property's shadow-anchored tenants add to its strategic positioning within the retail market of La Verne.