JUST LEASED! NIRA Indian Cuisine in Restaurant Drive-Thru Pad at Sepulveda + Pennsylvania in Torrance
Categoriesjust leased Press Release

JUST LEASED! NIRA Indian Cuisine in Restaurant Drive-Thru Pad at Sepulveda + Crenshaw in Torrance

CBM1’s Aaron Guido + Daniel Barriga recently completed a lease with NIRA Indian Cuisine on a 2,620 SF retail space in a freestanding restaurant pad shared with a Wendy’s fast-food drive-thru on Sepulveda Boulevard just west of Crenshaw Boulevard in prime Torrance.

A newly launched restaurant venture, NIRA Indian Cuisine’s menu showcases dishes that reflect a range of flavors and styles, with selections spanning from India’s vibrant street food culture to the grandeur of its royal kitchens. This diversity of tastes offers diners a genuinely transportive experience rooted in India’s rich culinary heritage.

Superbly located in the heart of the South Bay, the property is surrounded by dense residential neighborhoods, major national retailers, an array of service businesses, hotels, and places of worship. This ideal location attracts traffic from area residents, destination shoppers, and commuters, ensuring a steady flow of active consumers.

For more information, contact Aaron Guido: Aaron@cbm1.com | 714.769.6117 and Daniel Barriga: Daniel@cbm1.com |949.608.4886

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JUST LEASED! Mariachi Café in Vons Grocery Anchored Center in Reseda
Categoriesjust leased Press Release

JUST LEASED! Mariachi Café in Vons Grocery Anchored Center in Reseda

CBM1’s David Guardado recently completed a lease with Mariachi Café on a 1,700+ SF former Starbucks end-cap space in a Vons Grocery anchored shopping center at Victory Boulevard and Tampa Avenue in prime Reseda. A signing that showcases the latest move in an aggressive expansion campaign

Specializing in Hispanic-influenced coffee drinks and pastries, Mariachi Café is a fast-growing, family-owned SoCal success story. The soon-to-open Reseda location marks their fifth café, joining existing stores in Norwalk, Downey, Whittier, and Pico Rivera. Charging ahead at an insistent pace, the owners have signed leases on two additional sites and are actively pursuing two more prospective locations.

Helmed by seasoned operators, the ownership group’s holdings include three Carousel Bakery locations (a popular Hispanic-themed bakery with sites in Reseda, Van Nuys, and Arleta) and Panaderia Mexico, a popular Mexican restaurant in Van Nuys.

“Ownership is definitely in expansion mode,” says CBM1’s David Guardado, praising the enterprise’s recent rapid growth. With no grease receptors required and flexibility to operate with Type 2 vent hoods, the tenant is willing to consider vanilla shell spaces and invest in custom buildouts. Despite lingering economic uncertainty, Mariachi Café is grossing 7 figures per location, which Guardado sees as “proof the right use in the right location is always a winner!”

For more information, contact David Guardado: DavidG@cbm1.com | 818.380.9972

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JUST LEASED! Smart Fix Phone Repair in Prominent Simi Valley Strip Center
Categoriesretail leasing just leased Press Release

JUST LEASED! Smart Fix Phone Repair in Prominent Simi Valley Strip Center

CBM1’s Jason Ehrenpreis and Andrea Cronin just completed lease with Smart Fix Phone Repair in a corner retail strip center situated at the signalized intersection of Madera Road and Royal Avenue in prime Simi Valley.

Smart Fix Phone Repair’s recent opening marks this steadily expanding enterprise’s fourth location. This Simi Valley site joins two stores in Thousand Oaks and a third in Oxnard. Offering repair and support services for smartphones, tablets, laptops, and other personal devices, Smart Fix adds the perfect complement to the center’s current roster of high-demand, convenience-driven businesses.

Superbly positioned on one of the area’s most visible and heavily trafficked intersections, the 37,000+ SF shopping center draws consistent consumer traffic from the neighboring community. The synergistic mix of restaurant, service, and medical tenants is ideally suited to serve the surrounding affluent residential population, which boasts an average household income exceeding $150,000 annually.

For more information, contact Jason Ehrenpreis: Jason@cbm1.com | 310.231.5213 + Andrea Cronin: Andrea@cbm1.com | 818.380.9968

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JUST LEASED! Total Wireless in Pico Rivera Northgate Market Anchored Shopping Center
Categoriesretail leasing just leased Press Release

JUST LEASED! Total Wireless in Pico Rivera Northgate Market Anchored Shopping Center

CBM1’s Aaron Guido + Daniel Barriga recently completed a lease with Total Wireless on a 1,500 SF retail space in a Northgate Market anchored shopping center at the intersection of Telegraph Road + Arlington Avenue in prime Pico Rivera.

Founded as TracfOne Wireless in 2015, the cellular provider was rebranded as Total By Verizon when the operator was acquired by Verizon in 2022. Primarily franchise-driven, Total Wireless celebrated opening its 2,000th store in January 2026. With 196 locations in California, the company aims to open 5,000 locations nationwide at a rate of 3 new stores per day.

Situated a block from the 5 freeway and a block east of the major intersection of Telegraph Road and Rosemead Boulevard, along an active retail corridor, and surrounded by densely populated neighborhoods with nearly 650,000 residents earning an average household income in excess of $100,000 within a 5-mile radius.

For more information, contact Aaron Guido: Aaron@cbm1.com | 714.769.6117 and Daniel Barriga: Daniel@cbm1.com |949.608.4886

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JUST LEASED! BodyTone Pilates on Riverside Drive in Prime Toluca Lake
CategoriesNews just leased Press Release

JUST LEASED! BodyTone Pilates on Riverside Drive in Prime Toluca Lake

CBM1’s Jason Ehrenpreis recently completed a lease with BodyTone Pilates for a 3,042 square foot end-cap retail space along Riverside Drive in Toluca Lake, further reinforcing the corridor as one of the San Fernando Valley’s most desirable retail destinations.

The highly visible street retail property, located between Talofa Avenue and Mariota Avenue and just east of Trader Joe’s and across from a new mixed-use development anchored by Gelson’s Grocery Store, sits within a stretch of Riverside Drive that has seen increasing demand from fitness, food-and-beverage, and service-oriented retailers catering to Toluca Lake’s affluent residential base.

A SoCal-based boutique Pilates studio, BodyTone has inspired cult-like devotion among its growing client base. The Toluca Lake studio marks their second location, expanding from their original site in Glendale.

BodyTone Pilates joins a growing mix of experiential and lifestyle uses along the corridor, benefiting from strong household incomes, dense surrounding neighborhoods, and a substantial daytime population supported by Warner Bros. Studios, Disney Studios, ABC Television, iHeartRadio, Warner Records, and the broader Burbank Media District. The forthcoming opening of Gelson’s Market across the street further underscores the continued transformation of Riverside Drive into a high-quality, daily-needs and lifestyle retail pocket.

The lease reflects continued tenant demand for well-located street retail in Toluca Lake, particularly spaces that serve local residents while also capturing traffic generated by nearby studios and employment centers.

For more information, contact Jason Ehrenpreis: Jason@cbm1.com | 310.231.5213

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JUST SOLD! 6-Unit Retail Shopping Center in Prime Wilmington
Categoriesjust sold News Press Release

JUST SOLD! 6-Unit Retail Shopping Center in Prime Wilmington

CBM1’s Aaron Guido + Daniel Barriga recently sold an 8,104 SF, 6-unit shopping center situated on an 18,731 SF lot fronting onto Anaheim Avenue at Lakme Avenue in Wilmington, less than 5 miles from the Port of Los Angeles. An investment group acquired the property as part of a growing investment portfolio in Los Angeles County’s Mid-Cities region.

“This deal was nearly a year in the making,” CBM1’s Aaron Guido says regarding the hurdles he and partner Daniel Barriga worked to overcome in closing their latest sale.  “The owner prized their asset and understandably had high expectations. But with few retail properties trading in the area and scarce supporting sales comps, we faced a challenging proposition. Ultimately, we needed to find exactly the right buyer.”

Owing to patience, Guido and Barriga did precisely that: “The investment group [who represented themselves in the transaction] is building a portfolio in the area, and with an eye to long-term appreciation, they saw the property’s clear value.”

Moreover, Guido sees this as an untapped market, “Retail properties in the $2-$5-million-dollar range in LA and Orange County’s submarkets are a goldmine opportunity. And we’re actively seeking investors looking to buy or sell and capitalize on these prospects.”

For more information, contact Aaron Guido: Aaron@cbm1.com | 714.769.6117 or Daniel Barriga: Daniel@cbm1.com | 949.608.4886

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FULLY LEASED! Home Depot + Home Goods Anchored Shopping Center in Prime Torrance
Categoriesjust leased Press Release

FULLY LEASED! Home Depot + Home Goods Anchored Shopping Center in Prime Torrance

CBM1’s Aaron Guido recently completed leases with an exciting restaurant tenant and an optometry clinic at Torrance Crossroads, a 48,000+ SF retail shopping center at the intersection of Crenshaw Boulevard + Lomita Boulevard in central Torrance bringing the center to 100% occupancy. Anchored by Home Depot and HomeGoods, the massive center’s additional A+ co-tenants include Sam’s Club, In-N-Out Burger, Office Depot, Chick-fil-A, and Wells Fargo.

The incoming restaurant is helmed by a long-running (dating back more than six decades), well-established restaurant ownership group launching a new, health-forward concept offering a fresh fare menu focused on vegetarian bowls and wraps. Also joining the center is an optometry clinic with multiple locations and years of successful practice in the local marketplace.

Situated on two of the South Bay’s most active and vital commercial arteries, this dominant retail corridor commands exceptional daily traffic, bolstered by a roster of top-tier neighboring national retailers and convenient access to the nearby 10 freeway. Further elevating the location are the area’s stunning demographics, with nearly 190,000 residents earning an average household income approaching $90,000 annually within a 3-mile radius.

For more information, contact Aaron Guido: Aaron@cbm1.com | 714.769.6117

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JUST LEASED! Sewing Lab in Street Retail Property at Anaheim Street & Mira Mar Avenue in Prime Long Beach
Categoriesjust leased Press Release

JUST LEASED! Sewing Lab in Street Retail Property at Anaheim Street & Mira Mar Avenue in Prime Long Beach

CBM1’s Geoff Grossman + Daniel Barriga recently completed a lease with Sewing Lab on 2,000 SF street retail space fronting onto busy Anaheim Street near Recreation Park in Southeast Long Beach.

Sewing Lab offers instructional sewing classes designed for children, hobbyists, and aspiring fashion designers seeking to develop or refine their tailoring skills. In addition, Sewing Lab is a certified JANOME dealer, selling sewing machines and related equipment. The Long Beach site is Sewing Lab’s second school, expanding from their original location in Los Alamitos.

Situated along an active retail corridor, surrounded by densely populated residential neighborhoods, and adjacent to several area schools, the property is ideally positioned to connect with the school’s target customers.

For more information, contact Geoff Grossman: Geoff@cbm1.com | 310.299.4224  Or Daniel Barriga: Daniel@cbm1.com | 949.608.4886

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CBM1’s Co-Managing Partner, Geoff Grossman, Delivered a Presentation on Demographics in Retail Property Development to a UCLA Extension Real Estate Finance Class.
CategoriesNews Press Release

CLASS IS BACK IN SESSION!

CBM1’s Co-Managing Partner, Geoff Grossman, Delivered a Presentation on Demographics in Retail Property Development to a UCLA Extension Real Estate Finance Class.

In the fall of 2024, Professor Mark Ruff invited Geoff (a former student) to give a presentation to his Real Estate Finance class on guiding landlords, tenants, and developers through the retail property development process. The session was such a smashing success that Professor Ruff invited Geoff back for a repeat performance.

This year’s presentation focused on analyzing population, income, and employment demographics to determine what prompts retail tenants to seek specific locations and what motivates developers to build retail projects at particular sites.

The 60+ minute discussion expanded beyond demographics, veering into current retail development trends, what’s on the horizon for the industry, and how retailers must evolve to thrive in the future.

Professor Ruff and the entire class were enthralled by Geoff’s commentary, which led to an extended question-and-answer session. The engaged and eager students inquired about a variety of subjects, including the efficacy of mixed-use developments, the impact of e-commerce on brick-and-mortar retail, and how to revitalize Santa Monica’s 3rd Street Promenade.

The class was unanimous in their opinion that Geoff’s discussion was insightful and informative, and the session was clearly a huge success!

Many thanks to Professor Russ for extending the invitation once again. And to the in-person and online students for their insightful questions.

#CBM1 #CRE #RetailRealEstate #RetailDevelopment #RetailDemographics #RealEstateFinance #UCLAExtension

JUST LEASED! Pilates Studio at Magnolia + Whitsett in Prime Valley Village
Categoriesjust leased Press Release

JUST LEASED! Pilates Studio in Magnolia Blvd + Whitsett Ave in Prime Valley Village

CBM1’s David Guardado recently completed a lease with a local, independent Pilates studio on ±1,610 SF space in shopping center with retail storefronts facing onto Magnolia Boulevard at Whitsett Avenue in San Fernando Valley’s Valley Village enclave.

The bustling, high visibility center features a mix of restaurant and service-oriented tenants generating strong consumer traffic from 285,000+ residents living within a 3-mile radius of the property

Superbly and centrally located adjacent to the highly sought after NoHo Arts District, the property offers convenient access to the nearby 101, 170 + 134 freeways.

For more information, contact David Guardado: DavidG@cbm1.com | 818.380.9972

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about us

CBM1 is a Southern California-based commercial real estate leasing and investment sales brokerage specializing in landlord & tenant and property investor representation for retail, industrial, and other commercial real estate properties.

contact us

West Los Angeles
(310) 575-1517
San Fernando Valley
(818) 380-9966
Orange County
(714) 769-6159
inquiries@cbm1.com

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