CBRE and NRIG-West Team Arrange Sale of South Hills Plaza for $20.7 Million

South Hills Plaza is anchored by Marukai Market and 24 Hour Fitness, along with national brands and regional retailers including Taco Bell, Subway, USPS and Charter Communication. South Hills Plaza is anchored by Marukai Market and 24 Hour Fitness, along with national brands and regional retailers including Taco Bell, Subway, USPS and Charter Communication.

West Covina, Calif. — South Hills Plaza sits on a 9.43-acre site.

CBRE and NRIG-West have arranged the sale of South Hills Plaza, a 120,589-square-foot community shopping center in the city of West Covina, for $20.7 million. South Hills Plaza is anchored by Marukai Market and 24 Hour Fitness, along with national brands and regional retailers including Taco Bell, Subway, USPS and Charter Communication. The sale represented a 6.8 percent cap rate. CBRE’s Philip Voorhees, Jimmy Slusher, Megan Read, Matt Burson, Brad Rable and John Read represented the seller, a Los Angeles-based partnership. The buyer, also represented by Voorhees and the NRIG-West team, was LT Global. Built in 1982 with additional renovations made in 2005, South Hills Plaza sits on a 9.43-acre site.

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