California

Redding, Calif. — SRS Real Estate Partners has arranged the sale-leaseback of a retail property located at 3055 Shasta View Drive in Redding. North State Grocery sold the property to an undisclosed real estate investment trust for $12.8 million. Holiday Market occupies the 31,222-square-foot building on an absolute triple-net lease with 20 years remaining, including scheduled rent increases and multiple options to renew. The grocery store is part of the Holiday Marketplace that also includes Starbucks Coffee and Quick Quack Car Wash. Alexander Moore of SRS Capital Markets represented the …

Lancaster, Calif. — Hanley Investment Group Real Estate Advisors has brokered the $3.9 million sale of a multi-tenant retail property located adjacent to Smart & Final Extra! at Antelope Valley Plaza in Lancaster. Located at 2062-2072 W. Ave. J, the 8,119-square-foot property is fully leased to a variety of tenants, including Pho Shop, Sub-Machine, Boba Tea, Salvadorian Restaurant, La Ramadita and The Best Ceviche. Antelope Valley Plaza offers 127,000 square feet of retail space. Ayda Kach and Sean Cox of Hanley Investment Group represented the seller, PacWest Management, in the …

San Bernardino, Calif. — SRS Real Estate Partners has arranged the sale of a single-tenant restaurant property located in San Bernardino. Panera Bread occupies the 3,986-square-foot property, which was built in 2024, on a 15-year absolute triple-net lease basis. A California-based investor acquired the property from Paragon Commercial Group for $6.8 million. Patrick Luther and Matthew Mousavi of SRS Capital Markets represented the seller in the transaction.

Rohnert Park, Calif. — SRS Real Estate Partners has negotiated the $17.7 million sale of Mountain Shadows Plaza, a 77,651-square-foot retail center located in the Sonoma County community of Rohnert Park. Situated on roughly 7.5 acres, the five-building property was 97 percent occupied at the time of sale. Tenants include Walmart Neighborhood Market, Starbucks Coffee, Straw Hat Pizza, The UPS Store, Subway and Anytime Fitness. John Redfield and Joe Chichester of SRS represented the seller, a special purpose vehicle controlled by Oak Cap Ventures LLC (OCV).

Vista, Calif. — Brixton Capital has sold Pavilion Shopping Center, a 137,742-square-foot open-air, grocery-anchored retail center located in Vista, approximately 34 miles north of San Diego. Milan Capital Management acquired the property for $30.5 million At the time of sale, the nearly 11-acre property was 95.3 percent leased to various tenants, including North Park Produce, Skechers, Dutch Bros Coffee, Biolife Plasma Services and Dunn-Edwards Paints. The Dutch Bros drive-thru pad building was completed in February 2025. Additionally, the property underwent extensive capital improvements, including a completely renovated parking lot that was …

Riverside, Calif. — Progressive Real Estate Partners has negotiated the $4.6 million sale of an 8,960-square-foot multi-tenant retail building located at 18530 Van Buren Blvd. in Riverside. Built in 1996, the retail building is 90 percent leased to seven food- and service-oriented tenants including Subway, H&R Block, a barbershop and a pool supply store. The retail building is part of Orangecrest Plaza, a grocery-anchored shopping center. Orangecrest Plaza features several national tenants such as Albertsons and Petco. Greg Bedell and Trinnie Lee represented the seller, a private Orange County-based investor, in the transaction. …