Michael Asarch

URGENT: Active Buy-Side 1031 Requirement We are exclusively representing a buyer preparing for a 1031 exchange, with the relinquished-property sale anticipated to close week of Oct 26. Purchase Price: $1.75M–$3.5M Property Type: Single-Tenant Net Lease / NNN, with particular interest in QSR, bank branches, automotive parts/tire, and other strong corporate or necessity-based net-lease uses. Markets: California & Arizona preferred, with a broader focus on strong West Coast markets. Will consider other major MSAs, strong suburbs and growth corridors nationwide for the right opportunity; excluding Florida. Real Estate: Strong, reusable underlying real estate with good access, visibility and long-term re-tenanting potential. Please reach out with off-market, pre-market or currently marketed opportunities that may fit these criteria.  We are prepared to underwrite quickly and engage decisively on the right opportunity.  Thank you.

2311 Cotner is one of the more interesting blank canvases I've seen in West LA. 42 rooftop parking spaces. Loading docks. Full kitchen and bar. Office space. Cold storage. Cell tower. Immediate 405 access. And it's being delivered vacant. So: what the hell do you do with it? EV charging hub? Retail + office? Commissary? Automotive concept? Something weirder? If you had the keys tomorrow, what would you build here? Wrong answers encouraged. Contact me if you'd like a copy of the OM.

Urgent 1031 buyer need: $2.0M–$3.5M STNL/NNN retail, with flexibility up to ~$4M for the right deal. QSR, banks, auto parts/tire and other strong corporate tenants. CA + Phoenix preferred, open to strong markets nationwide. No Florida. Off-market or coming soon? Send it my way.

I needed a unicorn. My clients were exchanging $8M and the challenge was finding a great replacement property. I went through my short list of broker contacts. "Do you have a deal with extraordinary real estate fundamentals and excellent credit with growth?" One answered: “How about a brand-new construction, main-on-main Chase Bank with 20 years versus the normal 15, in a prime suburb of Charlotte, with 12% rent increases every 5 years?” I was stunned. ”Uh, yeah. That sounds like a direct hit.” “Does being adjacent to Whole Foods, Harris Teeter, Life Time Fitness and a bunch of Class-A office help?” I looked at the OM and it had me hook, line, and sinker. We booked our tickets to examine the property (which we do for all clients) and fell in love at first visit. It was a unicorn. It was a perfect upleg for our sellers who wanted a stable, blue-chip asset with no landlord obligations. Fast-forward, and we’re closed. PP: $9,375,000 VPD: ~100,000 at corner (crazy amount of traffic for a suburban neighborhood) AHHI: $205k within 3 miles (way above average) Adjacent draws: Whole Foods, Harris Teeter, Life Time Fitness Dense retail corridor: 1.4M SF within 1 mile A big thanks to Carl Brendes and Ransome Foose at Berkeley Capital Advisors for a smooth transaction, true pros.

Proud to share the story behind a notable buyside deal we just closed after years of persistence. Back in 2021, I was sourcing Southern California car wash acquisitions for 3MR Capital and their expanding Marvel Car Wash platform. The site immediately stood out. Dense infill location just south of Arcadia. Strong corner positioning. Established customer base. Exactly the kind of existing car wash site my client wanted to acquire and optimize. We negotiated a deal early on but the sellers decided not to move forward. A lot of deals would die there, but I couldn't let this one go. I stayed in touch with the sellers while continuing to evaluate and acquire other sites for my client. About a year ago, the timing finally changed and the ownership wanted to revisit a sale. Fast-forward to today and we closed it. Congratulations to the seller, a local family trust, and to 3MR Capital on the $8,000,000 acquisition of Mission Car Wash at 918 S San Gabriel Blvd in San Gabriel. The property will soon be rebranded as Marvel Car Wash. This marks the fourth Marvel Car Wash nationally and the second location in LA County. The relationship also continues beyond the sale. We just completed a 1031 exchange for the sellers into a new property. Details to follow. Contact me if you're trying to uncork a deal that's been on your mind.

Any guesses on the investment sale brokerage fee earned for the Camden/ BlackRock deal for $1.63 billion? My guess would be 50 bps, ~$8m

What an epic f*%^ing win! 68,827 of my closest friends, all rooting on our boys, all head to toe in red, white, and blue, all standing the entire game, parents wearing kids in their carriers, all living their best lives, all in agreement the red card given to Balogun was bs, everyone sharing stories of where they flew in from, all singing take me home country roads in unison. Levi’s Stadium was⚡️ The United States of America is unstoppable! Happy 250th Birthday USA! 🇺🇸⚽️💪🦅

Thoughts on the value of ICSC after 15 years of attendance: Many have debated whether or not a couple thousand $$ for a convention is worth the spend. As an investment sales broker focused on the middle market, it’s the serendipitous meetings and run-ins that make it worth everything and more. It’s about having a 30 second conversation with Beth Azor, The Canvassing Queen while taking the escalator between halls for the 7th time that day. It’s about having a quick catch-up with @realEstateTrent as we get our third round of Jersey Mike's Subs. It’s the random run-ins with principals you’ve spoken to for 15 years that you run into between vacant booths by the bathrooms and shoot the shit for 90 seconds. It’s the hug you have with the guy that was in your cre pledge class in the middle of Q Street. It’s running into the guy you office two floors above in Century City and decide it would be better to schedule time and meet back in LA for coffee. It’s finding out there are people that make a living selling the trash cans you pass outside your local CVS. It’s about running into Seth Bell and Andrew Cohen outside the Rhino at 3:30am with the understanding even power brokers need time to recharge their batteries. It’s about getting in the taxi and learning that the person next to you owns 17 shopping centers and might be looking to roll up and do a 1031 exchange this fall, jackpot! At Asarch Commercial Endeavors, we advise on these strategies. It’s shaking the hands with the head of the Northern California region for JPMorganChase real estate decisions. It’s about learning about the nuances amongst the 227 national car wash brands. It’s showing up at the guys booth you’ve left 47 voicemails for and it clicks when he sees your badge and you have him checkmated and end up talking for 10 minutes. It’s about having the annual catch up with Martin Cohan over a hot dog at Festival Companies booth and taking a photo with Kobayashi. It’s about high fiving, shaking hands, kissing babies with 79 people you know but know you will never likely do business with… and inevitably maybe in 2027 you will actually get the call, from that high 5. Give me a second to catch my breath. Sure, the double-double at In-N-Out Burger with @Dirtdog sure to upset your Zepbound cycle, don’t worry you’ll walk it off. Sure, scoping out a Long John Silver's, LLC drive thru with @TripleNetTyler in Pahrunp at 2:30am won’t be on the calendar, but it just ends up happening. Sure, the last second prayer circle outside Circus Circus valet run by @DanielHerrold won’t be on your bingo card. What I’ve found you can bank on, is the unexpected will always over deliver, and shall I say it, make the bet, there is value in the line - For the record, I took Rai the other day, and it paid off, see my value bet below. I’ve found 10/10 times I questioned ICSC, then bit the bullet, and it’s always been the unexpected that over delivers. Look forward to seeing everyone this week.

🚨 Immediate 1031 Exchange - BUYER NEED 🚨 Asarch Commercial Endeavors ("ACE") has been exclusively retained by a Southern California client entering a 1031 exchange: 💰 $8M equity to deploy 🎯 Target: $3M–$10M total acquisition 📍 California or Top 20 U.S. MSA 💵 All-cash Looking for: • Single-Tenant, Net-Leased Retail • Absolute NNN or NNN leases preferred (NN considered w/ min LL duties) • 10+ years firm term preferred • 4.50%+ cap rate • Standard or better rent bumps (no flat leases) • Fee Simple or Ground Lease • 20K+ VPD • “A” real estate – hard corners, grocery outparcels, strong traffic patterns Tenants we're targeting: Chick-fil-A, Raising Cane's, Chipotle, Starbucks, McDonald’s, Dutch Bros, 7-Eleven, Aldi, Trader Joe’s, Bank of America, Chase, PNC, Panda Express, Wendy’s, Texas Roadhouse, Shake Shack, Whataburger, etc. — Ace 310-804-0970 [email protected] Asarch Commercial Endeavors

Nice way to cap off the first week back in the saddle. 2026 is off to a great start! Hanging out at @RickCarusoLA @RosewoodMiramar

Sick to my stomach hearing about the massacre at Bondi Beach. Praying for our Jewish family in Australia. Long live the Jewish people!! Love will always trump hate. 💪✡️🕎

The smell of coffee and freedom is strong on Bay Island this morning. 🇺🇸☕️