Alex Smith Of Rosewood Realty Represents Buyer In $5.7M Sale Of AutoZone Mega Hub In Pomona

A 30,000-sf AutoZone Mega Hub in Pomona sold for $5.7M. The asset is situated at 601 East Holt Avenue and spans 2.57 acres. The sale was noted to be part of a 1031 exchange, supported by a new 18-year NNN corporate lease and is ranked in the top 2% nationally for foot traffic within the Pomona market.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $5,700,000
• Square Footage: 30,000
• Price Per Square Foot: $190
• Address: 601 East Holt Avenue
• Market: Pomona
• Buyer's Representative: Alex Smith - Rosewood Realty
• Seller's Representatives: Brad Umansky & Lance Mordachini - Progressive Real Estate Partners

The buyer was represented by Alex Smith from Rosewood Realty, while the seller, a Southern California-based entity, was represented by Brad Umansky and Lance Mordachini of Progressive Real Estate Partners. This transaction highlights the active market engagement within the retail sector in Pomona.