SOLD
College Station, LLC & 1331 S. Mission Rd., LLC Acquire Retail Condo On Hwy 111 In Inland Empire/Coachella Valley
74600-74520 Highway 111
Retail
16,939 SF
16,939 SF
Sold 1 year ago
Summary
Sale
CALIFORNIA
Retail
16,939 sqft
Located in the Inland Empire/Coachella Valley market, this retail condo at 74600-74520 Hwy 111 was recently sold. The property spans 16,939 square feet and consists of 11 units. The transaction was completed on 12/23/2019.
Summary of Transaction Details
- Property Type: Retail Condo
- Transaction Amount: $8,911,000
- Price per Square Foot: $526.06
- Units: 11
- Price per Unit: $810,090
- Buyer: College Station, LLC & 1331 S. Mission Rd., LLC
- Seller: Howard Abel Trust
- Broker: Pablo Rodriguez - NAI Capital
Pablo Rodriguez of NAI Capital represented both the buyer and the seller in this transaction. The property is fully occupied and features a variety of tenants, including Starbucks, Panda Express, Fantastic Sams, and Dominos Pizza. This sale achieved a record pricing for multi-tenant retail properties in the Coachella Valley/Inland Empire market.
Players
All
2
Agents
1
Agencies
1
Details
SOLD
IMAGE: Pablo Rodriguez @pabloescrowbarr
DATE: 12/23/2019
ADDRESS: 74600-74520 Hwy 111
MARKET: Inland Empire/Coachella Valley
ASSET TYPE: Retail Condo
PRICE: $8,911,000
SF: 16,939
PPSF: $526.06.06
UNITS: 11
PPU: $810,090
BUYER: College Station, LLC & 1331 S. Mission Rd., LLC
SELLER: Howard Abel Trust
BROKERS: Pablo Rodriguez - NAI Capital
NOTES: 100% occupied Albertson's grocery shadow anchored multi-tenant pad buildings occupied by Starbucks, Panda Express, Fantastic Sams, Dominos Pizza and more. Record pricing achieved for multi-tenant retail in the Coachella Valley/Inland Empire. Both parties represented by Pablo Rodriguez of NAI Capital.View on map
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Address74600-74520 Highway 111
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