Masagana Properties Sells Lucerne Valley Property For $6.5M By Buyer Representatives Daniel Hurd And Jaime Salazar

The property involved in this transaction is a two-property retail portfolio located at 32510 CA-18, Lucerne Valley, CA, 92356, within the Lucerne Valley market. The portfolio includes a 9,100-square-foot Dollar General, which was sold for $3.4 million. The total transaction price for the retail portfolio is $6,500,000, with a combined square footage of 18,200. The seller of the property is Masagana Properties.

Summary of transaction details:

• Property Type: Retail Portfolio
• Transaction Amount: $6,500,000.00
• Address: 32510 CA-18, Lucerne Valley, CA, 92356
• Buyer's Representative: Daniel Hurd, Jaime Salazar, Marcus & Millichap
• Buyer: Undisclosed
• Seller: Masagana Properties
• Square Footage: 18,200

Jaime Salazar and Daniel Hurd represented both the seller and the buyer in this transaction. Additionally, Garrett Fierstein of Marcus & Millichap facilitated a 10-year, fixed-rate loan with a 30-year amortization for the buyer, further detailing the financial structuring behind the acquisition.