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Two Retail Centers Sell for $4.5M

LOS ANGELES-MB&S Silverman sells a 12,500-sf retail building at 5110 Sunset Blvd. and Vanowen Noking sells a 16,000-sf retail center at 20935 Vanowen St. in Canoga Park.

By Peter Landau | Updated on March 25, 2002

LOS ANGELES-Two retail centers here sell for more than $4.5 million. MB&S Silverman sold a 12,500-sf retail building at 5110 Sunset Blvd. here, and Vanowen Noking sold a 16,000-sf retail center at 20935 Vanowen St. in Canoga Park.

The Sunset building is fully leased to Auto Zone and DaVita, Inc., operator of Total Renal Care. Buyer Owen Family Trust, who was represented by Fred Fardoust of Realty Investments and Marina Holland and Joseph Yaghoubzadeh of Century 21 Exclusive Realtors, purchased the property for $3 million.

The Vanowen St. center, which sold for approximately $1.5 million, is 88% leased to 10 local tenants. The buyer, Fred Samati, was represented by Fred Fardoust of Realty Investments and Marina Holland and Joseph Yaghoubzadeh of Century 21 Exclusive Realtors.

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