Newmark Represents Buyer In $5.49M Barstow Ground Lease Deal

The ground lease transaction for a retail property in Barstow has been completed. The property, located at 2620 Fisher Blvd., spans an area of 1.25 acres. The deal was facilitated by Starboard Realty Advisors as the seller, with Matthew Mousavi and Patrick Luther representing them. The buyer's representative was Pablo Rodriguez from Newmark.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $5,490,000
• Size: 3,288 square feet
• Capitalization Rate: 4.3%

The ground lease was successfully negotiated, with an asking rent of $5,490,000. The property features a retail space spanning 3,288 square feet, and it has a capitalization rate of 4.3%. The deal involved several key individuals and companies, including Matthew Mousavi and Patrick Luther from SRS, who represented the seller, Starboard Realty Advisors. On the buyer's side, Pablo Rodriguez from Newmark played a crucial role in facilitating the transaction.