D’Oyen Trust Acquires Retail Pad Leased To Starbucks And Others In Signal Hill For $6.2M

The transaction involved a retail asset located at 959-999 East Spring Street in Signal Hill, encompassing a total sale price of $6,200,000. The property features 6,796 square feet, which translates to a price per square foot of $912. The retail pad is part of the Signal Hill Gateway and is currently leased to four tenants under triple-net leases.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $6,200,000
• Buyer: D’Oyen Trust
• Seller: Knouraki Corp.
• Brokers: Sheila Alimadadian, Jonathan Weir & Stefan Ignjatovic - Marcus & Millichap
• Mortgage Broker: Danny Abergel - Marcus & Millichap
• Tenants: Starbucks, Chipotle, Bank of America, and Milano Nail Lounge

Marcus & Millichap was instrumental in facilitating this sale, showcasing its role in the transaction with various representatives involved in the deal, ensuring a smooth process for both the buyer and seller.