Kyle Gorman & Brandon Lehman Acquire Retail Property In Rancho Palos Verdes For $8,400,000

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.