SRS Real Estate Partners Completes $6.875M Sale Of Superior Grocers Retail Property In Buena Park, CA

A record-breaking sale of a single-tenant retail property has been completed in Buena Park, CA. The property, located at 6931 La Palma Avenue, spans 1.72 acres and consists of a 34,199-square-foot retail space. The asset, occupied by Superior Grocers, was sold for an impressive price of $6,875,000, setting a new record for the lowest cap rate for a single-tenant grocery property in California this year.

Summary of Transaction Details:

• Property Type: Retail
• Sale Price: $6,875,000
• Square Footage: 34,199
• Address: 6931 La Palma Avenue, Buena Park
• Market: Buena Park
• Broker Representatives: Matthew Mousavi & Patrick Luther from SRS Real Estate Partners

The sale was facilitated by SRS Real Estate Partners' National Net Lease Group, with Matthew Mousavi and Patrick Luther serving as the brokers. This successful transaction not only showcases the expertise of the SRS Real Estate Partners team but also highlights the strong market demand for single-tenant retail properties in Buena Park, CA.