Zecharia Hovav Purchases Arroyo Grande Town & Country Square From Tracy Liskey Del Rio For $5M

The property involved in this transaction is a retail asset located at 1404-1460 East Grand Avenue in Arroyo Grande, California. It encompasses a total area of 26,750 square feet and was sold for $5,000,000, resulting in a price per square foot of $186.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $5,000,000
• Address: 1404-1460 East Grand Avenue
• Market: Arroyo Grande
• Square Footage: 26,750
• Price Per Square Foot: $186
• Buyer: Zecharia Hovav
• Seller: Tracy Liskey Del Rio
• Broker: Connor Martin - Allure Capital Management

Connor Martin of Allure Capital Management facilitated the transaction, representing both the buyer and seller. Notably, this sale was part of the buyer’s up-leg in a 1031 Exchange. The entire transaction was completed in a period of 35 days from the listing agreement execution to the closing date.