Sale of $1.42 million Storefront Property by Robert Leveen
February 10, 2020 (ARCADIA, CA) – Lee & Associates – Pasadena’s Senior Vice President, Robert Leveen, brokered the sale of 142-144 E. Huntington Drive in the city of Arcadia, California, located on the city’s busiest roadway. Successfully representing the seller and buyer, the two-unit storefront property sold for $1,420,000 ($264 per square foot).
The property had been owned by the same family for over 60 years and was locally known as the go-to bicycle shop in Arcadia for decades. Ownership decided to sell the property after Helen’s Cycles vacated the site to focus on their West Los Angeles business operations.
The buyer is a private investor with significant holdings in Arcadia and intends to lease the one vacant space, and hold the property for potential future development.
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About Lee & Associates
Lee & Associates – Pasadena is a full service commercial real estate company headquartered in Pasadena, CA. Our client-focused brokers specialize in office, retail, tenant advisory, multifamily, and investment sales. As the fastest-growing broker-owned firm in the nation, with more than 60 office locations in North America, we are uniquely qualified to support our clients’ real estate needs in the local, national and international markets. For more information, visit lee-pasadena.com.
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