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Thursday, Jan 26, 2023
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Reseda Retail Property With Walgreens Sells for $9.3 Million

A 13,000-square-foot retail property, anchored by Walgreens and Yogurtland in Reseda, has sold for $9.3 million. Brandon Michaels and Lior Regenstreif, both senior managing director investment specialists at the Encino office of Calabasas-based brokerage Marcus & Millichap Inc., had the exclusive listing to market the property on behalf of the seller, a partnership. The buyer, a partnership, was also secured and represented by Michaels and Regenstreif. The Walgreens was dark at the time of sale at the 6400 N. Tampa Ave. location. The pharmacy had vacated the premises, but still holds a lease through 2034.

Michael Aushenker
Michael Aushenker
A graduate of Cornell University, Michael covers commercial real estate for the San Fernando Valley Business Journal. Prior to the Business Journal, Michael covered the community and entertainment beats as a staff writer for various newspapers, including the Jewish Journal of Greater Los Angeles, The Palisadian-Post, The Argonaut and Acorn Newspapers. He has also freelanced for the Santa Barbara Independent, VC Reporter, Malibu Times and Los Feliz Ledger.
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