Retail Property and Related Assets in California
Listing Information
Retail Property and Related Assets in California
Price: $2,500,000.00
Created: 02/21/2019
Category: Real Property > Commercial > Commercial Vacant Land/Building
Sale Date: None Set
Debtor's Attorney
767 5th Avenue
New York, NY 10153
(212) 310-8000
Case Title: Sears Holdings Corporation
Court: New York Southern Bankruptcy Court
Chapter: 11
View Case Docket
Description
Sale of retail property and related assets located in California, described as below:
(i) 710 Arrow Highway, Covina, CA 91722: The property is an outparcel to Covina Town Square, a Kimco-owned regional shopping center containing over 278,562 square feet of retail, restaurant, and entertainment. Covina Town Square is bordered by both Arrow Highway and Azusa Avenue, and contains over 2,100 parking spaces. Covina is a densely populated suburban city in the San Gabriel Valley region of greater Los Angeles. The city benefits from easy access to downtown Los Angeles via the MetroLink train stopping at Covina Station. Covina is also conveniently located in the midst of Interstate 210 (Foothill Freeway), Interstate 10 (San Bernardino Freeway), Interstate 605 (San Gabriel River Freeway), and State Route 57 (Orange Freeway). The property is a 18,990 square-foot building with ample parking, a fully internal drive-thru, and a raised rear loading dock, perfect for a wide variety of automotive-centric tenants to immediately occupy. Additionally, the 1.33 acre parcel size and outparcel location create significant potential for repositioning as a single or multi-tenant retail or restaurant use.
Features:
- Property Type: Retail
- Building Size: 18,990 SF
- Lot Size: 1.33 AC
- Built in 1969
(ii) Related Assets: All of the equipment, machinery, and other items of tangible personal property, now owned or hereafter acquired by Seller and associated with the ownership, operation or maintenance of the Real Property and Improvements, if any (collectively, the "Personal Property").