Private Investor Purchases Hesperia Gas Station From Another Private Investor For $4.6M

The property involved in the transaction is a free-standing gas station and convenience store located at 16815 Main St. in Hesperia, California. The asset includes an eight-pump ARCO Gas Station and a 2,500-square-foot AM/PM Convenience Store. The sale was facilitated by Progressive Real Estate Partners and the property was sold for $4.6 million. The transaction took place on February 27, 2019, and the property sits on a 1-acre site. The building dates back to the late 1980s.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $4,600,000.00
• Address: 16815 Main St, Hesperia, CA, 92345
• Market: Hesperia
• Buyer: Private Investor
• Buyer's Representative: Victor Buendia()
• Seller: Private Investor
• Square Footage: 2500

Victor Buendia of Progressive Real Estate Partners played a crucial role as the representative of both the seller and the buyer in this deal. The seller, an Orange County private investor, sold the property to a Nevada-based private investor. The involvement of these key individuals signifies the successful completion of the transaction.