Napa Valley Investor Acquires 32,000 Square-Foot Retail Property In Corning For $7.2M

The property involved in this transaction is a retail asset located at 570 Solano Street in Corning, California. The sale price of the asset is $7,200,000, and it includes a total square footage of 32,000. The property occupies 2.59 acres of land and has a price per square foot of $225.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $7,200,000
• Address: 570 Solano Street
• Market: Corning
• Square Footage: 32,000
• Price per Square Foot: $225
• Acres: 2.59
• Lease Term: 15 years remaining
• Solar Revenue: Yes

Alexander Moore from SRS Real Estate Partners and Lee Csenar from Hanley Investment Grouprepresented the broker side of the transaction. The buyer is a private investor based in Napa Valley, California. The property is strategically located near Interstate 5 and nearby key retailers, adding to its investment appeal.