TORRANCE, CA—KL Plaza LLC has acquired the Carpenter Village Shopping Center from Carpenter Center LLC for $11.5 million. Located at 2814 Sepulveda Blvd. in Torrance, the 31,000-square-foot shopping center is 100% occupied by a mix of retail tenants.

“The leasing as well as the investment market for commercial real estate has greatly improved this year, and CAP rates have reached a healthy number from a low of 3.45% for single National tenant investments to 6% for multitenant shopping center investments,” Sheri Messerlian, an SVP with NAI Capital who represented the seller in the transaction, tells GlobeSt.com. “Given this overall healthy investment atmosphere, coupled with great location, low interest rates and a fully leased shopping center, the owner decided to place this center up for sale.”

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