Steven Gelber Of Gelber Realty Corporation Represents Buyer In Sale Of Grocery Outlet For $6.05M

A retail property located at 27315 North Bay Road in Lake Arrowhead has been sold for $6,050,000. The asset spans 24,000 square feet and is situated on 1.51 acres. The property was previously occupied by a single-tenant Grocery Outlet. The price per square foot for this transaction was $252.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $6,050,000
• Address: 27315 North Bay Road
• Market: Lake Arrowhead
• Asset Size: 24,000 SF
• Price Per Square Foot: $252
• Buyer's Representative: Steven Gelber - Gelber Realty Corporation
• Seller's Representatives: Bill Asher & Jeff Lefko - Hanley Investment Group

The sale involved Steven Gelber representing the buyer, who is a repeat 1031 investor from Los Angeles. The seller was represented by Bill Asher and Jeff Lefko from Hanley Investment Group, based in North San Diego County.