Chatsworth, Calif. — SRS Real Estate Partners’ National Net Lease Group has arranged the sale of a single-tenant restaurant asset located 32 miles outside Los Angeles in Chatsworth, California.
A private investor acquired the property for $3 million, or $1,540 per-square-foot. Del Taco occupies the 1,961-square-foot property, which features a 24-hour drive-thru, on a long-term, absolute triple-net, corporate-guaranteed lease with more than 12 years remaining. Matthew Mousavi and Patrick Luther of SRS, in cooperation with Brandon Trevellyan of Capital Real Estate Ventures, represented the seller, a privately held partnership. Warren Berzack of Lee & Associates represented the buyer in the deal.