170,000sf Shopping Center

Secured Properties is proud to announce the successful close of a 170,000sf shopping center on a ground lease in Sylmar. Jay Chu and Ryan Yatman successfully negotiated with the land owners and the leasehold interest owners to combine all the land and leasehold interests for an absolute fee simple sale during the financial crisis which began August 2008. The final purchase price was $22,500,000 in lieu of the contamination from the dry cleaners.

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