Chand Rava Purchases Unbranded Gas Station In Pomona From Rosa Lopez For $5.2M

The retail asset located at 698 East Holt Avenue in Pomona has been sold for $5,200,000. This property spans 1,200 square feet, translating to a price per square foot of $4,333. The asset was sold as an owner-user gas station and has the advantage of being unbranded, allowing the new owner some flexibility in brand selection.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $5,200,000
• Address: 698 East Holt Avenue
• Market: Pomona
• Square Footage: 1,200
• Price Per Square Foot: $4,333
• Buyer: Chand Rava
• Seller: Rosa Lopez
• Broker: Arian Zerehi - Maher Commercial Real Estate

Arian Zerehi of Maher Commercial Realty represented both the buyer, Chand Rava, and the seller, Rosa Lopez, in this transaction. Arian Zerehi is recognized as one of the leading brokers in Southern California, specializing in gas stations and car washes, and has a proven track record of closing complex transactions.