Lodi Exchange LLC And EP Winter Park LLC Acquire Retail Center In Lodi For $23.3M

The asset involved in this transaction is a retail center located at 1361-1389 South Lower Sacramento Road in Lodi, comprising a total square footage of 183,195. The sale price for this property was $23,300,000, resulting in a price per square foot of $127.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $23,300,000
• Buyer: Lodi Exchange LLC & EP Winter Park LLC
• Seller: Geweke VIII, LP and Geweke Family Partnership
• Buyer's Representative: Jeff Lefko - Hanley Investment Group
• Seller's Representatives: Brett Visintainer & John Kourafas - Visintainer Group
• Square Footage: 183,195
• Price per Square Foot: $127

This transaction features the involvement of multiple representatives. The buyer's larger portion was represented by Jeff Lefko from Hanley Investment Group, while the seller and the corresponding portion were represented by Brett Visintainer and John Kourafas of Visintainer Group. The sale involved distinct components, with $8.3 million allocated for parcels leased to Panera Bread and F&M Bank, while around $15 million covered the remaining portion, excluding an In-N-Out site.