Trending...
- New PSA Campaign to Address Black Maternal and Infant Mortality in Los Angeles County
- Performer sues San Diego library with help from Pacific Legal Foundation after being barred from portraying black historical figures
- California: Governor Newsom statement on selection of new UC President
LOS ANGELES - Californer -- Tova Capital in an off-market transaction has acquired East Willow Village, a retail strip center with 18,600 square feet of inline shop and pad space in Signal Hill, CA, for $6.75 million.
East Willow Village is located on a nearly two-acre site at 2201 E. Willow Street in the city's primary retail corridor. The property benefits from numerous demand drivers including its location near the intersection of Willow and Cherry Avenue, one of the most highly trafficked intersections in the submarket. Approximately 70,000 vehicles pass through the intersection each day, according to a Placer.ai report. Willow Street, considered Signal Hill's primary east/west arterial, connects Signal Hill to the City of Long Beach, the second largest city in Los Angeles County. The property is also shadow-anchored by one of the top performing Costco and Home Depot stores in the nation.
More on The Californer
Tenancy is made up primarily of food, health and wellness, and community-serving retail users. Its largest tenant, Turner's Outdoorsman anchors the center on a 5,600-square-foot pad. Tenants draw from the 300,000 people who live within a three-mile radius of the property. They also benefit from Signal Hill's business friendly environment which includes efficient permit processing and no utility user tax, which reduces operating costs.
"We were able to purchase the property, which benefits from excellent cash flow, at an attractive price below replacement," said Tova Capital CEO Ron Harari. "Given its strong location, excellent retail fundamentals and attractive demographics, we are confident that with some strategic capital improvements we can attract credit worthy regional and national tenants."
This is Tova's second retail acquisition in the area in the past 18 months. Tova acquired a 34,500-square-foot freestanding retail property at 205-233 E Anaheim St in Long Beach for $6.2 million in late 2022.
More on The Californer
Tova Capital Inc. was represented by the Ally Commercial Real Estate team of Kelly Hawkshaw, Luc Hawkshaw and Eric Mandell.
About Tova Capital
Tova Capital, Inc. is a Los Angeles-based real estate investment and development company focusing on value-add commercial acquisitions in prime Southern California markets. Founded in 2017, the firm seeks investment opportunities to rehabilitate and reposition older industrial, office, multifamily and retail buildings, entitle land for higher and better uses and construct ground up development. Tova manages all aspects of the development process including acquisition, construction, financing and disposition. https://www.tovacapital.com
East Willow Village is located on a nearly two-acre site at 2201 E. Willow Street in the city's primary retail corridor. The property benefits from numerous demand drivers including its location near the intersection of Willow and Cherry Avenue, one of the most highly trafficked intersections in the submarket. Approximately 70,000 vehicles pass through the intersection each day, according to a Placer.ai report. Willow Street, considered Signal Hill's primary east/west arterial, connects Signal Hill to the City of Long Beach, the second largest city in Los Angeles County. The property is also shadow-anchored by one of the top performing Costco and Home Depot stores in the nation.
More on The Californer
- Cal Lutheran Celebrates 1,018 Graduates!
- California: Governor Newsom appointed co-chair of U.S. Climate Alliance
- Archer to Open Second Manufacturing Plant in Los Angeles to Meet Surging Demand for Meat Stick Business
- NeighborWorks America selects Cabrillo EDC CEO for NeighborWorks Achieving Excellence Program
- Fairmint Introduces First Fully Onchain and Open Cap Table Infrastructure
Tenancy is made up primarily of food, health and wellness, and community-serving retail users. Its largest tenant, Turner's Outdoorsman anchors the center on a 5,600-square-foot pad. Tenants draw from the 300,000 people who live within a three-mile radius of the property. They also benefit from Signal Hill's business friendly environment which includes efficient permit processing and no utility user tax, which reduces operating costs.
"We were able to purchase the property, which benefits from excellent cash flow, at an attractive price below replacement," said Tova Capital CEO Ron Harari. "Given its strong location, excellent retail fundamentals and attractive demographics, we are confident that with some strategic capital improvements we can attract credit worthy regional and national tenants."
This is Tova's second retail acquisition in the area in the past 18 months. Tova acquired a 34,500-square-foot freestanding retail property at 205-233 E Anaheim St in Long Beach for $6.2 million in late 2022.
More on The Californer
- Vortex Brands Begins Gold Purchases Under New Joint Venture with Dubai-Based Partner
- Porta Potty USA Expands its Convenient Portable Restroom Rental Services Business in Louisiana Area
- Miss United Crown of America Launches as a National Platform for Purpose-Driven Titleholders
- Judge Joscelyn Jones Honored with Toastmasters Award for Communication and Leadership Excellence
- California: Governor Newsom announces appointments 5.8.25
Tova Capital Inc. was represented by the Ally Commercial Real Estate team of Kelly Hawkshaw, Luc Hawkshaw and Eric Mandell.
About Tova Capital
Tova Capital, Inc. is a Los Angeles-based real estate investment and development company focusing on value-add commercial acquisitions in prime Southern California markets. Founded in 2017, the firm seeks investment opportunities to rehabilitate and reposition older industrial, office, multifamily and retail buildings, entitle land for higher and better uses and construct ground up development. Tova manages all aspects of the development process including acquisition, construction, financing and disposition. https://www.tovacapital.com
Source: Tova Capital
Filed Under: Real Estate
0 Comments
Latest on The Californer
- Is it Really True That Tariffs Will Raise Car Insurance Rates?
- ScreenPoints Puts Film Investors in the Credits—and in the Money With New FinTech Platform
- Coastal Business Systems Wraps Up Successful 2025 Tech Show in Redding
- AdOcto Turns AirBnBs Into High-Impact Advertising Channels
- Zefr Announces Launch of Pre-Screen Brand Safety Solution for Google's Search Partner Network (SPN)
- Pathways to Adulthood Conference May 17 at Melville Marriott Honoring NYS Assembly Member Jodi Giglio, Suffolk County Legislator Nick Caracappa
- Adster Techologies awarded US Patent for breakthrough innovation in reducing latency in Ad Serving
- Flexi-View Lending Closes $5.05 Million Residential Acquisition Loan in Billings, Montana
- Robert Fabbio Inducted into the Austin Technology Council Hall of Fame
- California: Governor Newsom, Superintendent Thurmond announce over $618 million to support another 458 community schools
- California: Governor Newsom announces judicial appointments 5.7.25
- Long Beach to Commemorate its Naval History with Commemorative Community Event
- Long Beach: City Celebrates Inaugural National Home Improvement Month: Love Where You Live
- California sues Trump administration for illegally withholding billions in bipartisan infrastructure funds: 'Another Trump gift to China'
- Tale of two trains: California high-speed rail leaves Texas in the dust
- California: State invests nearly $33 billion in cap-and-trade dollars to make communities cleaner and healthier
- Where AI Falls Short, Real Connections Rise—Media Outreach with Heart
- Cybersecurity is Protecting Your Personal Information and Your Portfolio
- EY US unveils Puneet Nanda of GuruNanda as an Entrepreneur Of The Year® 2025 Award Finalist
- California: Governor Newsom proclaims Children's Mental Health Awareness Week 2025