Coldwell Banker Brokers $2.9M Acquisition of Dollar General-Occupied Property in Penn Valley, California
PENN VALLEY, CALIF. — Coldwell Banker Commercial has arranged the acquisition of a retail property located at 17652 Penn Valley Drive in Penn Valley. An undisclosed buyer purchased the building for $2.9 million.
Dollar General occupies the 9,026-square-foot building, which was built in 2019 on 1.2 acres, on a long-term, absolute net-leased basis.
Dan McGue of Coldwell Banker Commercial NRT represented the buyer in the deal. The name of seller was not released.