Type: Net-lease retail · Sale price: $3,700,000 · Closed: December 2020
Net-lease 18667 Bear Valley Rd retail investment in Hesperia, sold December 2020 for $3,700,000.
2020 LA multifamily absorbed a Q2 COVID shock and recovered through H2. Pricing held for stabilized inventory; transaction volume returned by year-end.
This transaction is part of the Sterman Multifamily Group closed archive — over fourteen years at Marcus & Millichap.
Michael Sterman, Senior Managing Director Investments at Marcus & Millichap.
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