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Another Day, Another L.A. Retail Sale

Investors Purchase Retail Property In Arleta
By Raoul Padilla
October 1, 2002 | 8:36 P.M.

Jalscar I LLC has bought the Woodman Chase Shopping Center located at 8646-8658 Woodman Ave. in Arleta, CA. The 8,501-square-foot property was built in 1982 and sits on 17,420 square feet of land. Total value of the sale was $1.075 million or $126 per square foot with a 7.66 percent cap rate. The buyer represented itself in the deal. Phillip Duke of Westwood Financial represented the seller, 5247 Corteen Company.

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News | Another Day, Another L.A. Retail Sale