The buyer has paid $2.2 million for the property. A Pep Boys auto repair complex sits on the parcel, which is located at 6110 Sepulveda. Pep Boys, a retail and service chain, will continue to own the building and pay rent for use of the grounds.
Philadelphia-based Pep Boys operates more than 620 stores in 36 states and Puerto Rico. The company has more than 23,000 employees. Established in 1921, its shares are publicly traded on the New York Stock Exchange. Total revenue for fiscal year 2000 was in excess of $2.4 billion.
The buyer was Lee Trust and the seller was Seattle, WA-based Costco Corp. Donald Emas and Kevin Boeve of Marcus & Millichap's Ontario office represented the principals.
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