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Pep Boys - Manny, Moe & Jack Message Board

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  • lagunadan92677 lagunadan92677 Dec 7, 2005 1:40 PM Flag

    Real estate hidden value

    Costa Mesa may be "just one property", but what about: Westminster, Anaheim, Fullerton, Downey, Artesia, La Mirada & downtown Santa Ana? Property values in So Cal are through the roof right now, and these are a sample of stores in the area. Does anyone know if PBY owns these lots? I think they do. Last I heard, PBY owns the whole lot under the Downey store and 2 other adjacent stores, and gets rent from at least 2 other stores on the lot. I believe Huntington Beach, Lake Forest, Aliso Viejo & Santa Ana/Harbor Bl are on leased lots. Anyone know the breakdown of owned vs leased lots in So Cal? What about other hot real estate areas like Los Angeles, New York or Florida?

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PBY
12.17-0.10(-0.81%)Jul 1 4:06 PMEDT