Hesperia, Calif. – The building is within the Midtown Square Shopping Center, also anchored by a recently opened Stater Bros. and Orchard Supply Hardware.
Lake Forest, Calif. – According to CoStar, the 4.8 percent cap rate was a record low for a non-anchored retail strip center sale in south Orange County.
Los Angeles – Built in the late 1940s, Baldwin Hills Crenshaw Plaza is considered the longest standing and operating regional shopping center in the United States.