View Mobile Site

Ask the Expert

Signal Photos


99 Cent Only Store buys commercial center for all cash

Posted: May 19, 2011 1:55 a.m.
Updated: May 19, 2011 1:55 a.m.

CoStar Group, an information provider for commercial real estate, announced this week that the 99 Cent Only Stores purchased the 30,090-square-foot retail shopping center at 24200-24270 Lyons Avenue in Newhall.

The commercial property was purchased for $4.8 million, equaling $159.52 per square foot, from Leo Brown Martial Trust.
The 99 Cent Only Store already occupies 21,400 square feet, or close to three-quarters of the retail center. The remaining space is occupied by various tenants.

It was reported that there were no brokers involved, and this was an all-cash transaction. 99 Cent Only stores will assume the property management and leasing responsibilities for the property.


Most Popular Articles

There are no articles at this time.
Commenting not available.
Commenting is not available.


Powered By
Morris Technology
Please wait ...