SRS Real Estate Partners has facilitated the $13.5 million sale of a two-tenant retail property in Palmdale, California, featuring Smart & Final and Barnes & Noble. The 58,652-square-foot asset was sold by a family office to a private investor.
“As Executive Vice President and Principal, National Net Lease, at SRS Real Estate Partners, Will Wamble has successfully closed 178 deals totaling over $602 million.”
“I bring over 38 years of retail experience to this new office.”
The 58,652-square-foot property, occupied by Smart & Final and Barnes & Noble, was sold by a family office to a Southern California-based private investor.
This transaction is part of a $32 million break-up strategy, indicating a trend towards maximizing returns through asset segmentation in retail real estate.
Interest rate increases
HighConsider fixed-rate financing options to hedge against interest rate volatility.
Tenant default risk
MediumConduct thorough tenant credit analysis and diversify tenant mix to mitigate risk.
Market saturation
LowFocus on properties in strategic locations with strong demand drivers.
REBusinessOnline reports on the $13.5 million sale of a two-tenant retail property in Palmdale, California, facilitated by SRS Real Estate Partners. The property, located at 39112-39228 10th St. West, is part of the Palmdale Marketplace and is occupied by Smart & Final and Barnes & Noble. The article highlights the property's strategic location and the involvement of SRS Capital Markets in representing the seller. This source provides a comprehensive overview of the transaction, emphasizing the property's size, tenant details, and market context.
This source is crucial for understanding the strategic location and market context of the property, which are key factors influencing its investment appeal.
SRS Real Estate Partners' website details the $13.5 million sale of a retail property in Palmdale, California, as the final transaction in a six-property, $32 million break-up strategy. The property, built in 1999 and spanning 58,652 square feet, is occupied by Smart & Final and Barnes & Noble with 10-year remaining leases. The article emphasizes the strategic segmentation approach that maximized returns for the seller and notes the property's location within a power center with other major tenants. This source highlights the successful execution of a strategic investment approach by SRS.
This source provides insight into the strategic investment approach and the successful execution of a break-up strategy, which is valuable for understanding market trends in retail asset management.
Retail property investments in secondary markets are gaining traction due to favorable cap rates and strategic asset segmentation.
srsre.com, REBusinessOnline
On April 3, 2026, SRS Real Estate Partners announced the sale of a retail property in Palmdale, California, marking the completion of a three-year, six-property break-up strategy [REBusinessOnline] [srsre.com].
End of Intelligence Report · 3 Sources Verified