AFP 1 Holdings LLC Acquires Auburn Retail Property On Bell Road For $20.5M

The Auburn's Crossroads Shopping Center, located at 2550 Bell Road in Auburn, has been sold to AFP 1 Holdings LLC for a total price of $20.5 million. The retail property spans across 5.8 acres and offers a spacious area of approximately 58,000 square feet. The sale price per square foot is $353. This vibrant shopping center is situated in the thriving market of Auburn.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $20,500,000
• Address: 2550 Bell Road
• Market: Auburn
• Acres: 5.8

The buyer, AFP 1 Holdings LLC, a Southern California entity, made the acquisition from the seller, 175 Executive House LLC. The brokerage for this transaction was facilitated by Laith Alsarraf of Berkshire Hathaway HomeServices Golden Properties. However, detailed plans and further information about the buyer's intentions remain undisclosed at this time. The deal marks an important milestone for both parties involved and further enhances the property portfolio of AFP 1 Holdings LLC.