REBusinessOnline

MARCUS & MILLICHAP BROKERS $3.8 MILLION RETAIL PROPERTY SALE

APPLE VALLEY, CALIF. — Kevin Boeve of Marcus & Millichap represented the undisclosed seller in the disposition of Building H within Jess Ranch Marketplace in Apple Valley. Located at 19201-H Bear Valley Rd., the multi-tenant 7,641-square-foot property is tenanted by GameStop, Ono Hawaiian BBQ, Port of Subs, Nubi Frozen Yogurt and Baja Taco. The property sold for $3.8 million with a cap rate of 8.01 percent. Kenneth Chasin and David Chasin of Pegasus Investments represented the undisclosed buyer in the transaction.

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