Updated Feb 5, 2026
Aria Investments Acquires Retail Property In Rancho Palos Verdes For $24.5 Million
29229 South Western Avenue
$24,500,000
$869/SF
Building Size
28,190 SF
Asset Type
Retail
Closing
Jan 13, 2026
About this deal
AI
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.
On the Map
$24,500,000
$869/SF
Retail
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Players
Rancho Palos Verdes Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.65%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93