A local Los Angeles investor has acquired a CVS Pharmacy in a 1031 exchange. The 16,457-square-foot property traded hands for $7.3 million.

The property is located at 4501 W. Slauson Avenue in an ideal location, eight miles from Beverly Hills, Downtown L.A., Santa Monica, Marina Del Rey and Manhattan Beach.

Alan Krueger and Vanessa Haddad of CBRE represented the private buyer, a local investor, and the seller.


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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.