CBRE Brokers Sale Of Retail Properties In Manhattan Beach And Oxnard For $9.7 Million

The transaction involved the sale of two retail properties located at 800 North Sepulveda Boulevard in Manhattan Beach and 110 Riverpark Boulevard in Oxnard. The total sale price was $9,700,000, with the Manhattan Beach property, occupied by El Pollo Loco, sold for $5,100,000 and the Oxnard property, occupied by McDonald's, sold for $4,600,000. The combined square footage of the properties is 1,597, resulting in a price per square foot of $6,074.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $9,700,000
• Address: 800 North Sepulveda Boulevard & 110 Riverpark Boulevard
• Market: Manhattan Beach & Oxnard
• Square Footage: 1,597
• Price Per Square Foot: $6,074

The sale was brokered by a team from CBRE, consisting of Alex Kozakov, Jack Webber, Matthew Greenberg, Patrick Wade, and Bo Henderson, representing the interests in the real estate transaction.