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McKinley Group Acquires Shopping Center In San Bernardino For $20M

Property Image
SOLD
$20,000,000
Max Wang
Charley Simpson
+ 1

California

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Property Image
SOLD

McKinley Group Acquires Shopping Center In San Bernardino For $20M

2383 East Highland Avenue, San Bernardino, CA, USA

See Similar Deals
Other159,000 SF
Sold
Max Wang
Charley Simpson
+ 1
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Summary

CALIFORNIA
Asset Type:Other
Price Per Square Foot:$125
Total Square Footage:159000 SF
Transaction Type:Sale

Located at 2002-2383 East Highland Avenue, this Shopping Center in San Bernardino, LA has recently been sold for $20,000,000. Spanning a total area of 159,000 square feet, the price per square foot comes to $125. The transaction took place on September 21, 2018.

Summary of transaction details

  • Property Type: Shopping Center
  • Transaction Amount: $20,000,000
  • Address: 2002-2383 East Highland Avenue
  • Market: San Bernardino, LA

The buyer of this shopping center was the McKinley Group, while the seller was Safco Capital. McKinley Group was represented by Max Wang and John Griffin, whereas Dixie Walker and Charley Simpson served as the representatives for Safco Capital.

It is worth noting that Safco Capital had previously purchased this property from Starwood Property Trust for $11.8 million, or $74.14 per square foot, back in May 2012, according to information from CoStar Group.

Players

John  Griffin
3 deals$153.5M volume
BROKER

Charley Simpson
Colliers
8 deals$173.2M volume
BROKER

Max Wang
Cushman & Wakefield
2 deals$40M volume
BROKER

Dixie Walker
Cushman & Wakefield
2 deals$40M volume
BROKER

SELLER

Details

SOLD
IMAGE: Charley Simpson, Dixie Walker McKinley Navaroli and Max Wang DATE: 21/09/2018 ADDRESS: 2002-2383 East Highland Avenue MARKET: San Bernardino CITY: LA ASSET TYPE: Shopping Center PRICE: $20,000,000 SF: 159,000 PPSF: $125 BUYER: McKinley Group BUYER'S REPRESENTATIVE: Max Wang and John Griffin SELLER: Safco Capital SELLER'S REPRESENTATIVE: Dixie Walker and Charley Simpson NOTE: Safco Capital bought the property from Starwood Property Trust for $11.8 million, or $74.14 per square foot, in May 2012 according to information from CoStar Group.(LABJ) @labjevents

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