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:
- Property Type: Retail
- Transaction Amount: $25,776,828
- Sale Date: 02/25/2026
- Buyer: Phillips Edison Company
- Seller: GE Investors
- Brokers: Daniel Tyner, Gleb Lvovich & Geoff Tranchina - JLL
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
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