Riemer Smink, Frederick Gerner & David Cerda Salzman-Forward One Acquires Retail Property In La Verne

Located at 1479 Foothill Blvd., this retail property in La Verne was recently sold in a transaction that closed on 03/18/2021. The property spans 26,500 square feet and was sold for a total of $7,700,000, equating to a price per square foot of $290. The buyer in this transaction was Riemer Smink, Frederick Gerner & David Cerda Salzman, represented by Forward One. The seller was Arctrust, with their representative being David Kern from The Mansour Group. Anton Qiu from Anchor Pacific Capital acted as the buyer's representative.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $7,700,000
• Address: 1479 Foothill Blvd., La Verne
• Square Footage: 26,500
• Price per Square Foot: $290
• Market: La Verne

It is worth noting that the sale of this retail property was facilitated by Riemer Smink, Frederick Gerner & David Cerda Salzman's representative, Forward One, and Arctrust's representative, David Kern from The Mansour Group.