Ethan Conrad Properties Acquires Retail Property In Citrus Heights For $16.7M

Located at 7867 Lichen Dr. in Citrus Heights, this retail property has been recently sold. The property spans 135,000 square feet and was sold for a total of $16,700,000, resulting in a price per square foot of $155.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $16,700,000
• Market: Citrus Heights
• Buyer: Ethan Conrad Properties
• Seller: Citivest Commercial Investments
• Brokers: Bill Rose, Edward Nelson, and Wyatt Figeroa from Marcus & Millichap

The deal was facilitated by the brokers Bill Rose, Edward Nelson, and Wyatt Figeroa from Marcus & Millichap. They represented both the buyer, Ethan Conrad Properties, and the seller, Citivest Commercial Investments.