Avison Young brokers building acquisition on behalf of Dow Credit Union in Antioch, CA23 Sep 2020
Los Angeles, CA – Avison Young has announced the approximately $1.81 million acquisition of a 5,660 square-foot (sf) retail property located at 3457 Deer Valley Road in Antioch, CA (Contra Costa County) on behalf of its client, Dow Credit Union. The space will serve as Dow CU’s new headquarters as well as a store location.
Avison Young Principal Hayden Eaves along with Kristen Sullivan, who are based out of the firm’s downtown Los Angeles office, represented Dow CU. The property was won via a trust deed sale auction.
“Dow CU was leasing at its former location which had an inefficient layout and wasn’t convenient for its customers,” said Sullivan. “This new site is highly visible and was previously a Chase Bank, making the transition easy and efficient.”
The grand opening of the new location is anticipated to happen once pandemic restrictions are lifted.
In addition to the space Dow CU is utilizing, the property also includes a 1,348-sf space occupied by Great Clips, providing additional cash flow for the ownership.
The asset is located in a busy retail corridor and is an outparcel to a retail center that includes Rite Aid, Safeway, Dollar Tree, and Starbucks, among other tenants. The center is surrounded by Hillcrest Avenue, Deer Valley Road and Wildflower Drive which see a combined traffic count of approximately 52,000 vehicles per day.
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For more information:
- Darcie Giacchetto, Places Public Relations, 949.278.6224