SOLD
Kyle Gorman & Brandon Lehman Acquire Retail Property In Rancho Palos Verdes For $8,400,000
29105-29227 South Western Avenue
Retail
Sold 47 days ago
Summary
Sale
CALIFORNIA
Retail
The property at 29105-29227 South Western Avenue in Rancho Palos Verdes has been sold for $8,400,000. The transaction involved the buyers Kyle Gorman & Brandon Lehman and the seller Camie Booker. The asset type is Retail. Jason Ehrenpreis from CBM1 represented both the buyer and seller in this deal.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8,400,000
- Address: 29105-29227 South Western Avenue
- Market: Rancho Palos Verdes
Jason Ehrenpreis from CBM1, the broker in this transaction, played a key role in securing leases with multiple A+ credit tenants for the new owner of Western Plaza. The property, spanning a full city block in affluent Rancho Palos Verdes, is set for a significant remodel this year. Furthermore, negotiations are ongoing with additional notable tenants.
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Details
SOLD
IMAGE: Jason Ehrenpreis
DATE: 03/13/2024
ADDRESS: 29105-29227 South Western Avenue
MARKET: Rancho Palos Verdes
ASSET TYPE: Retail
BUYER: Kyle Gorman & Brandon Lehman
SELLER: Camie Booker
BROKER: Jason Ehrenpreis (@Jason_CBM1) - CBM1 (@CBM1.Inc)
SALE PRICE: $8,400,000
NOTE FROM BROKER: CBM1's Jason Ehrenpreis represented the buyer and seller in the sale of Western Plaza, marking the first time the property has ever been sold. The site stretches a full city block along Western Avenue, from Capital to Park Western, in affluent Racho Palos Verdes. In the wake of the property's major remodel slated for this year, Jason has secured leases with numerous A+ credit tenants for the new owner and is currently in lease negotiations with additional notable tenants.View on map
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Address 29105-29227 South Western Avenue
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