Chris Guldjian Purchases Grocery-Anchored Retail Outparcel In Murrieta For $4.4M With Broker Team

A 7,338 SF grocery-anchored retail outparcel located in Murrieta, California, has been sold for $4,400,000, reflecting a price per square foot of $599. This asset attracted significant attention in the retail market, with a premium cap rate of 5.77% achieved during the transaction.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $4,400,000
• Buyer: Chris Guldjian
• Seller: Jae Wee
• Brokers: Orbell Ovaness, Ivan Prochko & Ara Rostamian - Marcus & Millichap
• Square Footage: 7,338
• Price per Square Foot: $599

The Ovaness-Rostamian Group successfully facilitated this sale, employing strategic marketing and a custom seller-financing package to enhance the appeal of the property. Their efforts resulted in solid demand and a favorable price point, demonstrating their capability to maximize client value in diverse market conditions.