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312 South California Avenue

Phillips Edison Company Acquires Retail Property In West Covina From GE Investors For $25.77M
SOLDRetail

Phillips Edison Company Acquires Retail Property In West Covina From GE Investors For $25.77M

312 South California Avenue

$25,776,828

$551/SF

Building Size

46,786 SF

Asset Type

Retail

Closing

Feb 25, 2026

AI

The property asset involved in this transaction is a retail space located at 312 South California Avenue in West Covina. The total sale price for the asset was $25,776,828, and it has a square footage of 46,786, which results in a price per square foot of $550.

Summary of transaction details:

This transaction involved key players including Phillips Edison Company as the buyer and GE Investors as the seller, with Daniel Tyner, Gleb Lvovich, and Geoff Tranchina representing the parties through JLL. Their involvement signifies the strategic exchange within the retail market segment in West Covina.

Players

Daniel Tyner

JLL

Broker

$2.1B

vol

64 deals

Broker

West Covina 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

0.62%

Cash-on-Cash

-0.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93