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SOLD  $91.6M Investment Sales Buyer+Seller Representation in 2017

SOLD $91.6M Investment Sales Buyer+Seller Representation in 2017

SOLD  $91.6M Investment Sales Buyer+Seller Representation in 2017

Zacuto Group team members completed $91.6M in Commercial Real Estate Sales transactions in 2017.  A testament to the sophistication and hardworking nature of the team, transactions included a broad spectrum of asset classes, deal sizes and locations including:

Ground-up Development  //   Mixed-Use 
Creative Office Conversion & Adaptive Re-use
Owner/User Purchases //  Corporate NNN Leased Retail
Office  //  Industrial  //  Retail  //  Multi-Family  


For additional information, please contact:
Jake Zacuto
phone:  310.469.9012


*Sales figures calculated per CoStar.
Broker of Record for Sale of 8888 Washington Blvd. is Stone-Miller (Buyer and Seller represented by Jake Zacuto).

SOLD - Wells Fargo Bank - 296 W. Highland Ave

SOLD - Wells Fargo Bank - 296 W. Highland Ave

Zacuto Group is pleased to present the fee simple sale of an investment grade Single Tenant NNN Wells Fargo Bank in San Bernardino, CA. The subject property is located at a High Traffic Intersection with approx. 28,479 Vehicles Per Day on a Large 40,500 SF Corner Lot. Features excellent Signage, Frontage, Access, and tremendous visibility on both Highland and Arrowhead.

Wells Fargo recently renewed their lease for 5 more years and property has been continuously operated as a bank since 1961. The location is of strategic importance as one of Wells Fargo's major competitors, JP Morgan Chase, is located across the street.

SALE PRICE    $3,785,000
CAP RATE        4.85%
NOI                   $183,572 Absolute NNN Lease
LEASE TERM   Approx. 5.5 Years (through 12/31/2022)

For additional information, please contact:
Jake Zacuto

Chris Maese


$10.6M - 1031X Advisory for Family Trust

25 Year NNN Leased   Walgreens  Dallas (Arlington), Texas

25 Year NNN Leased Walgreens
 Dallas (Arlington), Texas

20 Units - 615 S. Cochran Ave. Los Angeles, CA

20 Units - 615 S. Cochran Ave.
Los Angeles, CA

8 Units -  1315 N. Detroit St., Los Angeles, CA

8 Units -  1315 N. Detroit St.,
Los Angeles, CA

Jake Zacuto & Leor Binshtock of Stone-Miller have completed the sale of two prime multi-family assets totaling 28 units in the Miracle Mile and Hollywood submarkets of Los Angeles.  The Seller, a family trust, had owned the properties for over 30 years.  Both assets required active management and the Seller desired to exchange into a NNN management free investment property.  Through their marketing efforts, Zacuto & Binshtock obtained multiple offers and utilized a competitive bidding process to require the buyers to proceed on a non-contingent basis.  Zacuto & Binshtock then guided the family through a process to identify ideal asset classes and locations that suit their investment needs and capabilities.  The end result was a prime located Walgreens property on a 25 year NNN lease located across from the Dallas Cowboys Stadium in Dallas (Arlington), Texas.  Zacuto & Binshtock also represented The Roberts Companies in the purchase of the 615 S. Cochran property.


$16.8M - Gelson's Shops in Sherman Oaks


Brad Stone, President/Managing Director and Jake Zacuto, Senior Vice President of Stone-Miller have completed the sale of 4550 Van Nuys Blvd. in Sherman Oaks for $16,800,000 to The Festival Companies.  The Shopping Center shadows the popular Gelson’s Supermarket and is occupied by Solley’s Restaurant & Deli, FedEx Office, Robeck’s Juice, and Humphrey’s Yogurt.  This sale is particularly noteworthy as it marks the first time the property has traded hands since it was constructed in 1960. 

Owned by the same family for generations, the property and adjacent Gelson’s supermarket were once an important part of the San Fernando Valley’s agricultural past.  In 1960, the owner of the property made a deal with a developer who built the existing popular shopping center, which has been operated by the same group until today.  With the original 55 year ground lease expiring this year, the property is reverting back to the original owners who decided to take advantage of today’s hot retail investment market.

Stone and Zacuto were selected for the project and shared a vision with the owners for the site and the intrinsic value of the location.  “What I have always loved about this property is that it’s a true community asset that everyone who has grown up in the Valley knows and recognizes.  Further we are seeing a trend towards urbanization and mixed-use development finding its way into the Valley, and as this trend evolves, we believe this section of Van  Nuys Blvd. is ideally situated to become a future urban center.” noted Stone.  Both Stone and Zacuto grew up in the neighborhood and Stone remains in Sherman Oaks today.

Stone and Zacuto initiated an intensive process of contacting buyers with a multitude of disciplines from apartment developers to traditional shopping center buyers.  While the project attracted significant interest from buyers seeking to rezone and develop the 1.5 acre site, local shopping center expert The Festival Companies, also represented by Stone and Zacuto, prevailed to purchase the property and intends to continue to operate the property as a shopping center for the time being.  The buyer having recently sold the Gucci building on Rodeo Drive was in a 1031 exchange.  

With a price that exceeded $550 per square foot, the sale represents one of the top prices per a square foot paid for a shopping center in the area.  “We are continuing to see intense demand for core assets and sales driven by pro forma numbers.  1031 Exchange buyers are out in full force and there is more demand than there are deals to be had,” said Zacuto.


Article based off press release submitted to the San Fernando Valley Business Journal and published

$5.19M - NNN Walgreens in Fresno, CA

4771 West Ashlan Boulevard, Fresno, CA

Jake Zacuto, Craig Miller and Brad Stone of Stone-Miller have completed the sale of 4771 W. Ashlan in Fresno, CA for $5.19.  The subject property was leased to Walgreens on a long-term 24 year Absolute NNN lease.  The sale was completed on behalf of a 1031 exchange buyer looking to maximize its passive income and take advantage of deferring its capital gains.  Zacuto, Miller, & Stone completed an exhaustive search of NNN properties throughout the West Coast aimed at identifying the highest yielding investment properties backed by the longest credit tenant leases on the market.  The result lead to the identification of 4771 W. Ashlan and its phenomenal 6.65% Cap Rate secured for 24 years by one of the top credit rated tenants in the U.S.A.