Capital Real Estate Advisors purchased 1000 S. Central Ave. in Glendale, CA, from Supervalu Inc. (NYSE: SVU
) for $9.05 million, or about $268 per square foot. The property was vacant at time of sale.
Built in 1966, the 33,699-square-foot retail building on about 2.38 acres is a former Albertson's Supermarket. Albertson's was reported to have vacated the premises around the beginning of last month.
The buyer is currently listing the property for sale and for lease.
For more information refer to CoStar COMPS #2608588.