X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LOS ANGELES, CA-Private investor Dong Ki Na acquired two retail buildings totaling 18,199 sf at 3236-3268 W. Slauson Ave. for $2.17 million from National Dollar Stores Ltd.

The seller developed the two properties in 1986 and 1993 and had owned them ever since, broker Anthony Thompson of the Charles Dunn Co. tells GlobeSt.com.

Thompson, who represented the seller, says National Dollar owned the properties on a fee simple basis, even though they are in the middle of the larger Crenshaw Plaza Shopping Center at the southeast corner of Slauson Avenue and Crenshaw Boulevard.

Investors are eager to buy retail properties like these, Thompson says, because they are in an urban area that is under-served by retail.

The two retail buildings are fully leased to tenants that include Payless Shoe Source, Viva Bargain, and a free-standing fast-food restaurant occupied by Popeye’s Chicken. The adjoining Crenshaw Plaza includes a Ralph’s Grocery, Rite Aid, Burger King, Anna’s Linens and an Arco Gas Station.

The buyer of the two retail buildings was represented by Jason Chung of Jikal Investments.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.