LHF Properties, LLC And H & G Joint Venture Acquire Texas Roadhouse In Indio For $3M

A Texas Roadhouse in Indio, part of the Indio Towne Center, has been sold for $3 million. The 16,560 sq ft property was acquired in 2018 by Red Mountain Group Inc and has now been purchased by LHF Properties, LLC and H and G Joint Venture. The property is located at 42790 Jackson Street in the rapidly growing city of Indio.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $3,000,000
• SF: 16,560
• PPSF: $181
• Date: 01/19/2024
• Market: Indio

The seller, Michael H. Mugel, represented Red Mountain Group Inc, while the buyer, LHF Properties, LLC and H and G Joint Venture, were represented by Bill Bauman from Newmark.

Note that the property, situated in the rapidly growing city of Indio, is part of the Indio Towne Center.