A 35,100-square-foot retail center in Anaheim, Calif., recently sold for $3.6 million, brokerage Charles Dunn Co. announced Thursday.
Located at 1020-1098 N. Euclid Ave., M&A Gabaee purchased the asset from HEM Properties LLC.
The retail center consists of two leased buildings; the larger building totals approximately 32,800 square feet and is occupied by Dearden’s, a California based furniture store; the second building is 2,300 square feet and houses a noncommercial insurance agency.
According to a press statement, the building that occupied by Dearden’s was previously home to a Ralph’s supermarket, which has subleased its space to Dearden’s. After the sale was final, Ralph’s paid for significant interior and exterior renovations to the building for the new tenant, making the transaction a value-added deal for the buyer.
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