Alan Levy & David Meir

Retail - For Sale

NEW:   LA Fitness - 5550 N. MacArthur Blvd., Irving, TX

Price:$11,896,215
Building SqFt:45,000 sqft
Price Per SqFt:$264.36
CAP:7.0%
Lot Size:5.0 acres approximately
Yearbuilt:2006

NEW. This LA Fitness is located in the growing master planned corporate park of Las Colinas, a submarket of Dallas, Texas. Built in 2006, this Class A, 45,000 square foot, 7 cap opportunity has 14 years remaining on the original 15 year term. It is an absolute NNN lease with 3 x 5-year option with bumps every 5 years. This investment offers the benefits of al ong ter lease with a nationally recognized tenant, a prime retail location on the primary retail corridor, dense daytime business population, proximity to other big box and national retailers, and explosive demographic growth.

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NEW:   Santa Fe Plaza - 3560 Santa Anita Ave., El Monte, CA

Price:$13,800,000
Building SqFt:47,794 sqft
Price Per SqFt:$288.74
CAP:6.6%
Lot Size:3.85 acres
Yearbuilt:1988

NEW. Santa Fe Plaza is located in the dynamic and ethnically diverse city of El Monte, approximately 12 miles east of downtown Los Angeles. Built in 1988 by the current owner, Santa Fe Plaza shopping center is anchored by Rite Aid offers a long track record of tenant stability and historically full occupancy. Presently, rental rates in the Santa Fe Plaza average $1.68 per square foot. This opportunity enables the prospective purchaser to adjust rents upward as the leases expire, as local market rents within a one-mile radius average in excess of $2.00 per square foot.

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NEW:   Belt Line Square - 4021 Belt Line Road, Addison, Texas

Price:$6,925,000
Building SqFt:35,212 sqft
Price Per SqFt:$196.67
CAP:7.75%
Lot Size:113,194 sqft
Yearbuilt:1981

NEW. Built in 1981, the Belt Line Square shopping center offers a long track record of tenant stability. Approximately half of the tenants have occupied the shopping center for 5 years or longer, many of whom have been tenants for greater than 10 years. Today, the center is 97% occupied and has a historical occupancy rate of 95% and greater. Today, rents average $15.54 per square foot, enabling the prospective purchaser to adjust the rental rates upwards as the leases expire.

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NEW:   24 Hour Fitness - Bedford, Texas

Price:$7,385,000
Building SqFt:40,000 sqft
Price Per SqFt:$184.63
CAP:8.0%
Lot Size:3.2 Acres
Yearbuilt:2000

NEW. The subject property is nearly 40,000 square feet of retail space currently operating as a 24 Hour Fitness sport level club, offering its members the amenities of weight and cardio equipment, group classes, and personal training, among others. Conveniently located in a highly populated suburban area near major highways, the property is easily accessible from Highway 121 and L Don Dodson Drive, and benefits from great visibility. Located in Bedford, Texas, in the growing Dallas-Fort Worth metropolitan area, 24 Hour Fitness leased the space for an original term of 15 years and now has 7 years remaining.

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SOLD:   55,625 SqFt Single Tenant Supermarket - Coachella, California

Price:$9,000,000
Building SqFt:55,625 sqft
Price Per SqFt:$161.80
CAP:6.40%
Lot Size:172,224
Yearbuilt:1992 / Renovated 2005

SOLD:   173,134 SqFt Community Shopping Center - Rancho Palos Verdes, California

Price:$30,000,000
Building SqFt:173,134 sqft
Price Per SqFt:$173.28
CAP:7.65%
Lot Size:476,982
Yearbuilt:1970 & 1988

SOLD:   16,655+/- SqFt Shopping Center - North Hollywood, California

Price:$4,100,000
Building SqFt:16,655+/- sqft
Price Per SqFt:$246.17
CAP:6.32%
Lot Size:29,499
Yearbuilt:1988

SOLD:   12,964+/- SqFt Shopping Center - Tarzana, California

Price:$3,750,000
Building SqFt:12,964+/- sqft
Cost per SqFt:$289.26
CAP:7.61%
Lot Size:30,426 (25,199 + 5,227) Approx. SqFt
Yearbuilt:1965 (Renovated 1996)


SOLD:   57,342 sqft Community Shopping Center - Torrance, California

Price:$12,900,000
Building SqFt:57,342 sqft
CAP:9.09%
Lot Size:304,000 sqft
Yearbuilt:1989



SOLD:   15,040 sqft Shopping Center - Huntington Park, California

Price:$2,199,000
Building SqFt:15,040 - Estimated per Seller
Cost per RSF:$146.21
CAP:9.46%
Lot Size:24,481
Yearbuilt:1987