LOS ANGELES, Calif. (NOVEMBER 30, 2021) – Kennedy Wilson Brokerage, a division of Kennedy-Wilson Properties, Ltd., has facilitated the sale of a 14,203 square-foot office property at 7355 Greenleaf Avenue in Whittier, California on behalf of Banc of California National Association. The purchase of the drive-thru corner location at Greenleaf Ave. and Mar Vista St. by a private investor includes a five-year leaseback to the bank. Kennedy Wilson Brokerage President Ed Sachse, Executive Vice President Lee Shapiro and Senior Vice President Gary Goodgame completed the $4.2 million sale on behalf of the seller.
“Drive-thru retail and office product continues to be highly sought after in urban infill markets,” said Gary Goodgame, Senior Vice President of Corporate Services at Kennedy Wilson Brokerage. “With a second-floor vacancy and five-year leaseback by the bank for the ground floor, this property generated multiple cash offers and closed within two weeks of going under contract.”
Situated on a 0.63-acre lot in Whittier’s historic uptown district, the property serves as Banc of California’s flagship location in the submarket. The two-story building features abundant parking, great signage and branding visibility, a wrap-around balcony, and is located within a Federally Qualified Opportunity Zone.
The buyer plans to operate the asset as a leased investment.
About Kennedy Wilson Brokerage
Kennedy Wilson Brokerage, a division of Kennedy-Wilson Properties, Ltd., is a leader in the leasing and sale of commercial real estate, representing institutional and private capital investors and tenants across the United States. Our capabilities include investment sales and acquisitions, agency leasing, tenant representation, corporate services, valuation and advisory services. For more information, visit www.kennedywilsonservices.com/brokerage.
Kennedy-Wilson Properties, Ltd. is independently owned and operated and not a part of Kennedy-Wilson Holdings, Inc. or any of its subsidiaries and affiliates.
Julia Yuryev | Alyssa Lawrence | Brady Goodman-Williams