Triple-Net LA Retail Plaza Sells to Local Investor
Progressive Real Estate Partners arranged the $3.5-million all-cash sale of a 7-Eleven anchored triple-net retail strip center at 728 W. Vernon Ave. in Los Angeles. The 6,300-square foot, three-tenant center is fully leased. President Brad Umansky, CCIM and investment sales advisor Lance Mordachini represented both parties in the transaction. …