Simo Gates Of SIMO Property Group Acquires Industrial Asset In Adelanto For $5.08M

The property asset involved in this transaction is an industrial asset located at 9841 Bartlett Avenue in the Adelanto market. The sale price for this property was $5,080,000, and it encompasses a total square footage of 29,925 with a price per square foot of $169.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $5,080,000
• Address: 9841 Bartlett Avenue
• Market: Adelanto
• Total Square Footage: 29,925
• Price Per Square Foot: $169
• Buyer: Simo Gates - SIMO Property Group
• Seller: HS19 - Rich Munkvold
• Broker: Sash Sepehran - Sunset Equity

The key individuals involved in this transaction include Simo Gates representing the buyer's interests through SIMO Property Group, and Rich Munkvold representing HS19 as the seller. The deal was facilitated by broker Sash Sepehran from Sunset Equity, who played a pivotal role in coordinating the transaction.