Sarbjit Kaur And Jaswant Singh Acquire Turnkey Gas Station In Red Bluff For $3.8M

The property asset involved in this transaction is located at 1715 Walnut Street, Red Bluff, CA. The sale price was $3,800,000 for a total square footage of 3,783. This asset is classified as a retail property, specifically a turnkey unbranded gas station and convenience store situated on a 12,344 Sq.Ft. C-1 lot along a key commercial corridor in Red Bluff, with features including modern double-walled fuel tanks and four dispensers, along with a Type 20 beer & wine license.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: $3,800,000
• Address: 1715 Walnut Street
• Market: Red Bluff
• Square Footage: 3,783
• Price Per Square Foot: $1,004
• Buyer: Sarbjit Kaur & Jaswant Singh
• Seller: Larry Butler
• Buyer's Representative: Sohanpreet Singh - Golden State Realty
• Seller's Representatives: Oron Maher & Arian Zerehi - Maher Commercial Realty

The deal was noted to close at $100,000 over the asking price, highlighting the competitive nature of the market for such properties. Oron Maher and Arian Zerehi successfully represented the seller in this transaction, facilitating the sale of a valuable retail asset in the area.