Todd Blue Of LAPIS Acquires Retail Properties From Umansky Auto Group For $68 Million

The transaction involved multiple retail properties located at 3100, 3200, 3400, 3500 & 3600 Las Positas Road in Livermore, California. These properties include auto dealership locations for brands such as Porsche, Land Rover, Audi, and Honda, and were acquired for a total price of $68,000,000.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $68,000,000
• Buyer: Todd Blue - LAPIS
• Seller: Umansky Auto Group
• Lender: Fifth Third Bank
• Loan Amount: $53,400,000

Todd Blue represented LAPIS in the acquisition of these properties, expanding their presence in the East Bay market. Umansky Auto Group was the seller, and the financing for the deal was managed by Fifth Third Bank.