Waterford Property Company Acquires Retail Property In West Covina For $18.6M

The retail property located at 940 Lakes Dr in West Covina has been sold in a transaction worth $18,600,000. The property spans a total area of 95,628 square feet, resulting in a price per square foot of $194. The buyer of the property was Waterford Property Company, represented by John Drachman. The seller of the property was CIM Group. The transaction was facilitated by Charles Simpson and El Warner of Colliers International.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $18,600,000
• Square Footage: 95,628
• Price per Square Foot: $194
• Buyer: Waterford Property Company – John Drachman
• Seller: @CIMGroup
• Brokers: Charles Simpson & El Warner – Colliers International

Waterford Property Company, led by John Drachman, made the purchase of the retail property at 940 Lakes Dr in West Covina. Taking into account the buyer's representative, along with the seller CIM Group, Charles Simpson and El Warner of Colliers International played a crucial role in facilitating the transaction.