CBRE, NRIG-West complete sale Maywood Village Square

Maywood, Calif. -- CBRE senior VP Philip D. Voorhees announced that he, Jimmy Slusher and the National Retail Investment Group – West (NRIG-West) team, along with CBRE’s managing director, Richard Rizika, completed the sale of Maywood Village Square, a 48,324-sq.-ft. convenience strip center located in Maywood, California. The center is anchored by O’Reilly Auto Parts and features Subway, U.S. Bank, Yoshinoya, Western Dental Services and a new Fitness 19 health club.



The sale price was $11.53 million. The property was about 94% occupied at the time of sale. The seller was a partnership led by Santa Monica, California-based Watt Companies; the buyer was a Los Angeles-based private investor focused on acquiring infill retail assets in densely populated Los Angeles County.



“Maywood Village Square is the quintessential LA County 'bread and butter' strip center. It’s a hard corner location with owned pads and synergy from a nice mix of restaurant, retail and service tenants, which make the property a very dependable, long-term asset," Voorhees said.