SOLD
LHF Properties, LLC And H & G Joint Venture Acquire Texas Roadhouse In Indio For $3M
42790 Jackson Street
Retail
16,560 SF
16,560 SF
Sold 104 days ago
Summary
Sale
CALIFORNIA
Retail
16,560 sqft
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.
Players
All
2
Agents
1
Agencies
1
Details
SOLD
IMAGE: Michael H. Mugel & Bill Bauman
DATE: 01/19/2024
ADDRESS: 42790 Jackson Street
MARKET: Indio
ASSET TYPE: Retail
BUYER: LHF Properties, LLC; H & G Joint Venture
SELLER: Michael H. Mugel - Red Mountain Group Inc (@RedMountainGroup)
BROKER: Bill Bauman - Newmark (@Newmark)
SALE PRICE: $3,000,000
SF: 16,560 ~ PPSF: $181
NOTE: Red Mountain Group sold a Texas Roadhouse in Indio, part of the Indio Towne Center, for $3 million to LHF Properties, LLC and H and G Joint Venture. The 16,560 sq ft property, acquired by Red Mountain Group in 2018, is situated in the rapidly growing city of Indio.View on map
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Address42790 Jackson Street
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