Loctek Inc. Acquires Development Site In Apple Valley For $25M

Loctek Inc. has acquired a development site in Apple Valley, CA for a sale price of $25,000,000. The property is located in a prime market and offers potential for future development.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $25,000,000
• Buyer: Loctek Inc.
• Seller: Arch Anchor
• Seller's Representatives: Yashaar Amin, John Pomer, Ben Gott
• Seller's Broker: Richard Schwartz - Colliers
• Date: 08/15/2023
• Market: Apple Valley, CA

The transaction was facilitated by Yashaar Amin, John Pomer, Ben Gott as representatives of Arch Anchor. Richard Schwartz from Colliers acted as the seller's broker in the deal. The sale price of $25,000,000 reflects the value of the development site in this market.