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Signal Hill, Calif. — Marcus & Millichap has arranged the $6.2 million sale of the Signal Hill Gateway Center, a four-tenant retail pad located in Signal Hill, just north of Long Beach. Tenants at the property, which was fully leased at the time of sale, include Starbucks Coffee, Dollar Tree, Chipotle Mexican Grill, Milano Nail Lounge and a Bank of America ATM. Built in 2015 on 1.2 acres, the retail pad comprises 6,535 square feet of gross leasable space.
Sheila Alimadadian of Marcus & Millichap represented the seller, Khouraki Corp. in the transaction, while Jonathan Weir and Stefan Ignjatovic, also of Marcus & Millichap, procured the buyer, D’Oyen Trust. Danny Abergel of Marcus & Millichap Capital Corp. arranged acquisition financing.