Peter Kaldas Acquires Retail Property In Glendora For $6.5M From Helen Quach

The property asset involved in this transaction is a 32,000 square foot retail space located at 431 East Arrow Highway in Glendora, California. The transaction was completed for a total sale price of $6,500,000, resulting in a price per square foot of $203. The asset was previously a vacant former VON's building.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $6,500,000
• Address: 431 East Arrow Highway, Glendora, CA
• Square Footage: 32,000
• Price Per Square Foot: $203
• Buyer: Peter Kaldas
• Seller: Helen Quach
• Brokers: Orbell Ovaness, Jason Anguiano & Ara Rostamian - Marcus & Millichap

The success of the transaction was facilitated by the Ovaness-Rostamian Group from Marcus & Millichap, who expertly produced multiple offers and vetted potential buyers. The deal concluded with the property being awarded to an owner-user investor.