Research & News

Beta Agency, a leading commercial real estate brokerage and advisory firm based in Los Angeles, CA, has announced that the firm has completed the sale of a Smart & Final Extra! building located at 1725 Golden State Avenue in Bakersfield, California to an undisclosed buyer for $10.85 million.  The property consists of a 26,237-square-foot building on 2.24 acres of land.

Beta Agency’s Adam Friedlander represented the Seller, a private shopping center owner based out of San Diego, California in the off-market sale transaction. Smart & Final Extra! had 15 years of remaining lease term.The Buyer was in a 1031 exchange and had recently completed the sale of an apartment building. The Buyer was attracted to the long-term lease, tenant profile and the fact that landlord had zero obligations. This sale represents one of the lowest cap rates recorded for a Smart & Final single tenant leased investment.

Click here to read full article.

Kinecta has opened its new state-of-the-art flagship branch in Manhattan Beach.. The self-developed branch features sustainable and energy efficient materials as well as advanced banking technology. In addition, it will be Kinecta's first branch to provide private banking services.

The project will be the home to Ike's Love and Sandwiches, Dunkin' and Modern Animal.

Click here to read full article.

Beta Agency, a leading commercial real estate brokerage and advisory firm, has announced that the firm has finalized the acquisition of a car wash site on behalf of Super Star Car Wash. The recently sold 24,305 square foot property is located at 1640 W Martin Luther King Jr. Blvd. in Los Angeles. The sale price was undisclosed.Beta Agency’s Madison Williams and Xan Saks represented the buyer. The seller was represented by Bashir Tariq of Keller Williams.“Beta is thrilled to assist Super Star Car Wash in their Southern California expansion strategy,” said Williams.  “Super Star Car Wash is a best-in-class operator and is seeking sites throughout the Southern California market. Their redevelopment of the existing car wash at 1640 MLK. Blvd. into a brand-new, state-of-the art car wash will mark Super Star’s second open location in the Los Angeles area, with more to come.”

‍About Beta Agency

‍Beta Agency is a leading commercial real estate services firm located in El Segundo, CA. The Beta team implements transaction advisory services and analytics to create exceptional value for its clients. Beta Agency represents over 10 million square feet of retail space throughout California and over 75 brands throughout the country.

For more information, contact Madison Williams here.