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Yucaipa Retail Center Trades at a Premium - Connect CRE

Summary by Connect CRE
Marcus & Millichap arranged the sale of Center Point Plaza, a 28,924-square-foot retail property located at 33490-33492 Oak Glen Rd. in Yucaipa. The property was sold for $10,800,000, or $373 per square foot. The sale was managed by the Ovaness-Rostamian Group of Marcus & Millichap’s Los Angeles office, with Ivan Prochko, Orbell Ovaness and Ara Rostamian representing the seller, a partnership. The buyer, a private investor, was represented by Ba…
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