The 87,752-SF, Oxford North Student Apartments, situated near Cal State University Fullerton, sold for $44.4 million to a private investment group.
The off-market sale comprises three hypermarket properties, which span 424,800 square feet and are triple-net leased to a global food retailer.
Once COVID-19 hit, the sublet space increased dramatically, jumping 61.7%, while available direct space has surged by 50%.
Sponsored by dialpad
- Exclusive discounts on ALM and GlobeSt events.
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.
Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.