Kroger Family Properties Acquires Industrial Property In Santee For $12.75M

The industrial property located at 8733 N. Magnolia Ave. in Santee has been sold for a total of $12,750,000. Spanning over 54,282 square feet, this property has been acquired by Kroger Family Properties in a closed transaction. The price per square foot stands at $234, making it an attractive investment opportunity in the industrial market of Santee.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $12,750,000
• Address: 8733 N. Magnolia Ave.
• Market: Santee

The sale was facilitated by the broker Chris Nelson from Inland Pacific, representing both the buyer, Kroger Family Properties, and the seller, CEG Capital Partners, headed by Pat Geary. With their expertise and negotiation skills, Nelson ensured a successful transaction for both parties involved.