Nachhattar Chandi Acquires 76 Gas Station Converted To Chandi Oil From Don Mahoney For $5.5M

The asset involved in this transaction is a retail property located at 5771 W Florida Avenue in Hemet. The sale price for this property was $5,500,000. The total lot size is 58,370 square feet with a price per lot square foot of $94. The building size is 6,450 square feet, translating to a price per square foot of $853. The property was sold as a 76 Gas Station that has been converted to Chandi Oil.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $5,500,000
• Buyer: Nachhattar Chandi
• Seller: Don Mahoney
• Broker: Gabriel Talasazan - Beverly & Company
• Lot Square Feet: 58,370
• Building Square Feet: 6,450
• Price per Lot Square Foot: $94
• Price per Square Foot: $853
• Note from Broker: Gas Station and Car Wash Sale, Off Market, Dual Representation, Litigation Sale, 30+ Year Ownership, 1031 Exchange Purchase, All Cash.

The key individuals involved in the transaction were the buyer, Nachhattar Chandi, and the seller, Don Mahoney. The broker representing the deal is Gabriel Talasazan from Beverly & Company. This transaction was characterized as an all-cash sale with an emphasis on a 1031 exchange purchase, indicating strategic financial planning by the buyer.