Ron Harari Of Tova Capital Buys Retail Property In Signal Hill For $6.75M

The retail property located at 2201 East Willow Street in Signal Hill was sold for $6,750,000. Spanning 18,600 square feet, the property was acquired by Ron Harari from Tova Capital. The transaction price equated to approximately $363 per square foot, with Tova Capital benefiting from the property's strategic location near busy intersections and in close proximity to high-performing retail stores like Costco and Home Depot.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $6,750,000
• Buyer: Ron Harari - Tova Capital
• Brokers: Eric Mandell, Kelly Hawkshaw & Luc Hawkshaw - Ally Commercial Real Estate
• Address: 2201 East Willow Street
• Market: Signal Hill
• SF: 18,600
• PPSF: $363

Eric Mandell, Kelly Hawkshaw, and Luc Hawkshaw from Ally Commercial Real Estate facilitated the transaction as brokers representing the buyer, Ron Harari. CEO Ron Harari emphasized the property's strong cash flow, attractive location, and favorable demographics as key factors for the purchase. The acquisition aims to bring in creditworthy tenants through planned capital improvements, leveraging the property's advantageous position in the market.