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| Sheila Alimadadian |
GLENDALE, CA – Marcus & Millichap (NYSE: MMI), a leading
commercial real estate investment services firm with offices throughout the
United States and Canada, announced the sale of a 33,699-square foot Jo-Ann
Fabric and Craft store in Glendale, Calif. The $17,700,000 sales price
equates to $525 per square foot.
Sheila
Alimadadian, associate director of Marcus & Millichap’s National Retail
Group in Newport Beach, represented the buyer, Aria Investments LLC.
“Quality
net-leased listings are in high demand and will remain so throughout the year,”
says Alimadadian. “This offering attracted a great deal of attention from a
wide range of buyers.”
The
property is located on a 103,580-square-foot lot at 1000 South Central Ave. in
Glendale, Calif. It was built in 1966 and renovated in 2013.
For a complete copy of the company’s news release, please
contact:
Gina Relva
Public Relations Manager
(925) 953-1716
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