SRS Real Estate Partners Brokers $11.35 Million Sale Of Retail Property In Huntington Park

The transaction involves the sale of a retail property at 3111 East Florence Avenue in Huntington Park, California, with a sale price of $11,350,000. This 28,000-square-foot asset is situated on 1.37 acres and is leased to Smart & Final. The property was built in 2018 and is characterized by rooftop parking and long-term lease stability. The transaction reflects a cap rate of 5.8%.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $11,350,000
• Square Footage: 28,000
• Cap Rate: 5.8%
• Address: 3111 East Florence Avenue
• Market: Huntington Park
• Acres: 1.37

The deal was brokered by Joe Chichester, John Redfield, and Kyle Zimmer of SRS Real Estate Partners. They were involved in executing the transaction for the retail property, indicating a strategic investment in a densely populated retail corridor.