Arman Khasigian Acquires Retail Property In Lake Elsinore From Rich Uncles For $7.25M

The property involved in this transaction is a retail asset located at 16491 Lakeshore Dr in Lake Elsinore. The property spans 17,272 square feet and was sold for a price of $7,250,000, resulting in a price per square foot of $419.75. The seller of the property was Rich Uncles, while the buyer was Arman Khasigian.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $7,250,000
• Address: 16491 Lakeshore Dr
• Market: Lake Elsinore

The brokers involved in this deal were Eric Mandell and Luc Hawkshaw from Apex Properties, as well as Chris Talia and Kevin Mansour from The Mansour Group.