Charles Davonte Purchases Retail Asset From Morris Goldman In Anaheim For $4.65 Million

The property asset involved in this transaction is a retail establishment located at 2525 East Ball Road, Anaheim. The sale price for the property was $4,650,000, and it encompasses an area of 4,840 square feet situated on approximately ±38,370 square feet of land. The asset is positioned at a signalized intersection, benefiting from exposure to around ±80,000 vehicles per day, and offers exceptional regional accessibility.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $4,650,000
• Sale Date: 02/20/2026
• Buyer: Charles Davonte
• Seller: Morris Goldman
• Broker Representatives: Daniel Hirth & Alex Reyhan - The Hirth Group
• Square Footage: 4,840
• Price Per Square Foot: $960
• CAP Rate: 5.05%

The deal was executed through a 25-year absolute ground lease, which ensures passive ownership and long-term income stability for the investor. The Hirth Group effectively brought this property to market before the car wash commenced operations, generating multiple competitive offers during the pre-stabilization phase of the asset.