March 30, 2020
Executive managing director Kyle Miller and Vice Chairman Bill Bauman, based in NKF’s Los Angeles office, executed a number of notable deals in the Southern California retail market during 2019, including two high profile single-tenant specialty grocers in two high profile coastal markets. Both deals traded around $1,500 per square foot and at a low to mid 4% cap rate.
2019 saw high net worth investors gravitate towards high barriers to entry real estate with good real estate fundamentals and paying up for it. Miller and Bauman were also part of a national NKF team hired to sell off approximately 90 assets previously occupied by Toy R Us and Babies R Us. The duo handled the West Coast assets and Texas markets from Los Angeles.
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Tags: 2020 Top Brokers Awards