**Coachella Plaza Shopping Center Sold for $12.88M**
JLL has announced the sale of Coachella Plaza, an 84,820-square-foot shopping center located at 50249 Cesar Chavez Street in Coachella, California. The property was acquired by a private investor for $12,875,000. JLL’s Max Kinsbruner and Brian Quinn represented both the seller and the buyer, each of whom is a private investor.
Coachella Plaza is 100% occupied and is shadow-anchored by Cardenas Markets. Other key tenants include Planet Fitness, WSS, Absolute Dollar, and Innercare. The shopping center is situated at the busy intersection of Cesar Chavez Street and Avenue 50, one of the most heavily trafficked locations in Coachella, with over 26,400 cars passing daily.
“We continue to see investor demand for well-located stabilized retail centers in growing markets in Southern California,” said Max Kinsbruner. “Coachella Plaza is the perfect fit for this investor with its strong tenant mix and high occupancy.”
The transaction underscores the sustained interest in core retail assets in Southern California’s expanding submarkets.
