Vista Emerald LLC Purchases Retail Center Near Angel Stadium In Anaheim For $11.3M

The retail asset involved in this transaction is a fully leased 15,710-square-foot retail center located at 2406-2432 East Katella Avenue in Anaheim, marketed at a sale price of $11,300,000. The property is comprised of eight tenants, with Comerica Bank as an anchor and 78% of the space dedicated to restaurants. Its proximity to Angel Stadium and the Honda Center contributes to its appeal and investor interest in service-based retail.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $11,300,000
• Square Footage: 15,710
• Address: 2406-2432 East Katella Avenue
• Market: Anaheim
• Buyer: Vista Emerald, LLC
• Buyer's Representative: Omar Hussein - Beacon Realty Advisors
• Seller's Representatives: Lee Csenar & Ed Hanley - Hanley Investment Group
• PPSF: $719

The sale was brokered by Hanley Investment Group, highlighting their representation in the transaction and their expertise in managing transactions of this nature. The buyer, Vista Emerald, LLC, engaged Omar Hussein from Beacon Realty Advisors to represent their interests in the acquisition.