REZA Announces the Sale of Two Grocery anchored Shopping Centers in 30 days
SIERRA VISTA PLAZA - MURRIETA, CA ($24,000,000)REZA Investment Group Inc. is pleased to announce the sale of Sierra Vista Plaza located at 25030 Hancock Street in the rapidly growing southern California community of Murrieta. This recently remodeled asset is situated at the Southwest corner of Los Alamos Road and Interstate 215, and benefits from both significant freeway signage and frontage along the signalized intersection of Los Alamos Road and Hancock Avenue.
"Sierra Vista Plaza is a well located asset with strong historical occupancy. The asset received over 15 offers."
- Aaron Bettencourt, Managing Director of Transactions, REZA Investment Group Inc.
RALPHS - REDONDO BEACH, CA ($17,600,000)
REZA Investment Group Inc. is pleased to announce the sale of a single tenant Ralphs located at 1413 Hawthorne Boulevard in Redondo Beach, California. The recently remodeled 69,649 square foot Ralphs is situated in the heart of the dense and affluent South Bay within the Hawthorne Boulevard retail corridor. In 1998, Ralphs debuted their Marketplace supermarket concept at this location, a 24-hour supermarket that features a drive-thru pharmacy, bookstore, dry cleaners, hot Asian food counter and sushi prep station, expanded prepared food counters, an extensive "bistro" menu, Union Bank of California and The Coffee Bean & Tea Leaf.
"This private 1031 exchange investor required a stabilized, infill investment with low management requirements. The buyer will benefit from the asset's centralized location within the South Bay and strong performance of the tenant at this location. This all cash transaction was completed with an aggressive 15 day due diligence time frame and closed 30 days after escrow opened."
- Ramez Barsoum, Managing Director of REZA Investment Group Inc.
A MESSAGE FROM THE FOUNDER
"Despite the volatile and difficult capital market environment, REZA Investment Group continues to execute strategic transactions accomplishing its clients' objectives."
- Reza Etedali, CEO and Founder of REZA Investment Group Inc.
ABOUT REZA INVESTMENT GROUP INC.
REZA Investment Group, Inc. is the premier retail investment advisory firm with a multi-billion dollar transaction track record. We focus all of our resources exclusively on shopping centers and retail investment properties. Our transaction history ranges from high profile malls to neighborhood shopping centers. Both our business model and transactions have been nationally recognized. For more information, please visit our web site at: http://www.rezacompanies.com