Capitol Mall LLC Acquires Mixed-use Property In Palm Springs For $3.8M

A mixed-use property located at 3745 South Congress Ave in Palm Springs has been sold for a price of $3,800,000. The property spans 23,698 square feet, resulting in a price per square foot of $160. The transaction took place on September 28, 2021, and involved Capitol Mall LLC as the buyer and Congressional Developers Inc. as the seller.

Summary of transation details

• Property Type: Mixed-use
• Transaction Amount: $3,800,000
• Address: 3745 South Congress Ave
• Market: Palm Springs

The deal was facilitated by brokers David Donnellan and Patricia Friend from CBRE, who represented Capitol Mall LLC in the transaction. The involvement of these brokers highlights their role in assisting the buyer throughout the process.