Off-market L.A. deal breaks $41 million

The Encino Courtyard, a 99,305-square-foot retail center in Encino, Calif., has sold to a private investor for $41.4 million.

West Los Angeles-based Encino Courtyard LP bought the four-acre property in an off-market transaction from Encino Realty Group LLC.

The property, which is located at 17401 Ventura Blvd., was 97 percent leased at the time of sale, and is anchored by Bed Bath & Beyond and Bally's Total Fitness.

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