SOLD
Anish Patel Acquires Retail Property In Ridgecrest For $2.525M
1020 North Norma Street
Retail
1,963 SF
1,963 SF
Sold 1 year ago
Summary
Sale
CALIFORNIA
Retail
1,963 sqft
Located at 1020 N Norma St in Ridgecrest, this retail property was recently sold in a closed transaction deal. The property spans 1,963 square feet and was sold at a price of $2,525,000, resulting in a price per square foot of $1,286. The transaction was completed with a cap rate of 4.2%.
Summary of transaction details
- Property Type: Retail
- Sale Price: $2,525,000
- Square Footage: 1,963
- Price per Square Foot: $1,286
- Market: Ridgecrest
The buyer in this transaction was Anish Patel, while Arturo Velasquez acted as the seller. The deal was facilitated by Matthew Luchs, Brandon Michaels, and Steven Schechter from Marcus & Millichap, who represented both the buyer and the seller in the transaction.
Players
All
4
Agents
3
Agencies
1
Details
SOLD
IMAGE: Matthew Luchs, Brandon Michaels & Steven Schechter
DATE: 08/16/2022
ADDRESS: 1020 N Norma St
MARKET: Ridgecrest
ASSET TYPE: Retail
BUYER: Anish Patel
SELLER: Arturo Velasquez
BROKER: Matthew Luchs (@MatthewLuchs), Brandon Michaels (@BrandonMichaelsGroup) & Steven Schechter (@Steven.Schechter.10) - Marcus & Millichap
SALE PRICE: $2,525,000
SF: 1,963 ~ PPSF: $1,286
CAP RATE: 4.2%View on map
Loading...
Address1020 North Norma Street
Comparables
Reset filters to show results.
Contact
Get in touch with the broker you want