Mikael Galestian & Grachik Oganesian Acquire Mixed-Use Property On Palm Canyon Drive For $7.3M

The mixed-use property located at 803 North Palm Canyon Drive in Palm Springs has been sold for a total price of $7,300,000. The property spans across 20,933 square feet, resulting in a price per square foot of $349.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $7,300,000
• Address: 803 North Palm Canyon Drive
• Market: Palm Springs
• Buyer: Mikael Galestian & Grachik Oganesian
• Seller: Dale Lawrence & Charles Smith
• Seller's Representative: Eric Chen, Blake Torgerson & Marco Rossetti - CBRE
• Square Footage: 20,933
• Price per Square Foot: $349

CBRE brokers Eric Chen, Blake Torgerson, and Marco Rossetti represented the sellers, Dale Lawrence and Charles Smith, in this transaction. Mikael Galestian and Grachik Oganesian are the buyers of this mixed-use property.