Blue Sky Management Acquires Auto Dealership In Murrieta For $10.2M

Blue Sky Management, led by Michael Austin, has acquired an auto dealership in Murrieta, California for $10.2 million. The dealership is located at 26825 Auto Mall Parkway and sits on approximately 3.5 acres of land. The property spans a total of 24,447 square feet and was purchased from an entity connected to Hamid Ghadiri. The transaction was facilitated by American Business Bank.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $10,200,000
• Address: 26825 Auto Mall Parkway
• Market: Murrieta
• Acres: 3.5

Blue Sky Management, represented by Michael Austin, successfully negotiated the acquisition of the auto dealership. The deal demonstrates the company's expansion strategy and commitment to the automotive industry. On the other side, Hamid Ghadiri acted as the seller in the transaction. Both parties were able to reach a mutually beneficial agreement, leading to a successful sale of the property.