SoCal strip mall sells for $10 million

Major tenants include supermarket, restaurants

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Charles Dunn Co. recently negotiated the sale of a 57,623-square-foot retail center in Covina, Calif. The value of the transaction was $10.4 million. The Covina Towne Center is located at 405 S. Citrus Ave. Built in 1978, the property was 100 percent leased at the time of sale to tenants that included Ralph's, Millie's Country Kitchen and Del Taco. George Demircift and Fahmy Mushmel sold the property to REH LLC, a private investment group. Charles Dunn Co. is a full-service brokerage and property management firms operating on the West Coast. ...