Monday, October 7, 2013

Charles Dunn Completes $4.11 Million Sale of Shopping Center in Reseda, CA

  
Reseda Plaza, 18300 Vanowen, Reseda, CA


LOS ANGELES, CA, Oct.  7, 2013 – Charles Dunn Company, one of the largest full-service regional real estate firms in the western United States, has completed the sale of a Reseda Plaza, a 10,000-square-foot shopping center located near Reseda Blvd and the 101 Freeway at 18300 Vanowen in Reseda. 

Cheryl Pestor
Paul Kenworthy represented the buyer, a Los Angeles-based private partnership, Collins 36 Ltd. Cheryl Pestor of NAI Capital represented the private seller. The closing cap rate was 6 percent.

“This property is fully occupied with Popeye’s Chicken as its anchor tenant,” said Kenworthy. “The buyer was attracted to a stable, passive investment in a well-located, heavy populated area.”

Charles Dunn Company is one of the largest full-service regional real estate firms in the western United States. Established in 1921 and headquartered in Los Angeles, the firm’s brokerage practice continues
to be a market leader.

Paul Kenworthy
The firm also manages more than 21 million square feet of office, industrial, retail, residential and mixed-use properties for third party clients and provides construction management, architecture and design, general contracting and capital markets services.

With more than 260 team members in nine offices, Charles Dunn Company’s reach extends far beyond its physical locations, as its experienced professionals leverage their market knowledge, relationships, and expertise to achieve and exceed client expectations. www.charlesdunn.com

For a complete copy of the company’s news release, please contact:

Darcie Giacchetto
D.G. Communications, Inc.
949.278.6224


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