Local Public College Acquires Former Rite Aid Building In Barstow For $2.95M

A local public college acquired the former Rite Aid building located at 1380 Barstow Road in Barstow, CA. The property is a freestanding retail asset with a total area of 17,272 square feet. It was sold for a total price of $2,950,000, which calculates to approximately $171 per square foot.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $2,950,000
• Address: 1380 Barstow Road
• Market: Barstow, CA
• Square Footage: 17,272
• Price per Square Foot: $171
• Buyer's Representative: George Okita & Sophia Heimall - California Commercial Real Estate Services
• Seller's Representative: Paul Galmarini - Progressive Real Estate Partners

The transaction was facilitated by representatives from both sides. George Okita and Sophia Heimall represented the buyer, while Paul Galmarini represented the seller in finalizing the deal. The property is strategically located near the interchange of Interstate 15 and Interstate 40.