Aria Investments Acquires Retail Property In Rancho Palos Verdes For $24.5 Million

The property involved in this transaction is a retail asset located at 29229 South Western Avenue in Rancho Palos Verdes. The sale price for this asset was $24,500,000, encompassing a total area of 28,190 square feet, which equates to a price per square foot of $869.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $24,500,000
• Address: 29229 South Western Avenue
• Market: Rancho Palos Verdes
• Seller: Brandon Lehman & Kyle Gorman - West Hive Capital
• Buyer: Aria Investments
• Brokers: Jeff Lefko - Hanley Investment Group; Sheila Alimadadian - Marcus & Millichap
• Square Footage: 28,190
• Price Per Square Foot: $869

The deal was facilitated by the brokerage services of Jeff Lefko from Hanley Investment Group and Sheila Alimadadian from Marcus & Millichap, representing the sellers in this transaction. Brandon Lehman and Kyle Gorman represented West Hive Capital as sellers of the property, while Aria Investments acted as the buyer.