Desert Capital Acquires Whittier’s La Pico Plaza for $6M

Rancho Cucamonga-based retail specialist Progressive Real Estate Partners has arranged the $6 million sale of La Pico Plaza, a 21,000-square-foot neighborhood retail center in Whittier, CA. The Circle K-anchored center is 100% occupied and was purchased by Desert Capital Venture from a private Orange County-based investor.

Progressive Real Estate Partners’ Senior VP of Investment Sales Greg Bedell exclusively marketed the property, while Marcus & Millichap’s Drew Wetherholt represented the buyer, which owns a portfolio of properties across the U.S.

Located at the intersection of Painter Avenue and Mulberry Drive, La Pico Plaza features a diverse mix of 14 service-oriented local tenants primarily on Triple Net-Leases. The center is also directly across from Whittier Union High School and is the only commercial retail property at the intersection.