Pinnacle Announces the Sale of a Grocery Anchored Center in Los Angeles (MSA)
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of a 52,382 square foot retail center for $14,800,000 located at 12221 – 17312 Norwalk Blvd. in Cerritos, California. Peter Sengelmann, Eric Diesch Jackson Coon and John Redfield of SRS Real Estate Partners represented the seller in the transaction. The property is situated 19 miles South of Downtown Los Angeles and is directly off the Artesia FWY, a major thoroughfare in the area. The listing team was able to attract an experienced local retail investor that was focused on stabilized assets with a grocery anchor, “This transaction presented a significant number of hurdles that we had to negotiate throughout the deal process and ultimately we achieved a beneficial settlement for both parties,” stated Eric Diesch, Senior Advisor at Pinnacle Real Estate Advisors.
Pinnacle is excited to announce this transaction, not only because of how this team was able to navigate the challenges of this deal but it also emphasizes Pinnacle’s presence across the nation.