Save Mart Sells Retail Asset In Bakersfield For $7.2M To ZDI And Soboroff Partners

The property involved in this closed transaction is a retail asset located at 2800-3200 Mall View Rd in Bakersfield. The property spans 352,666 square feet and was sold for a total price of $7,225,000, resulting in a price per square foot of $20. The seller of the property was Save Mart.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $7,225,000
• Address: 2800-3200 Mall View Rd, Bakersfield
• Market: Bakersfield

The buyers involved in this transaction were Steve Zimmerman from ZDI and Michael Heslov from Soboroff Partners. The brokers representing the deal were Orbell Ovaness, Ara Rostamian, and Aren Ohanian from Marcus & Millichap. They facilitated the successful sale of the property on behalf of the buyers and the seller, Save Mart.