AZO NNN Indio LLC purchased the retail property at 82220 Highway 111 in Indio, CA for $1,564,000, or about $313 per square foot, from a private trust. The building is fully leased on a triple-net basis to Auto Zone with about six years remaining on its lease. Both parties used this property sale to facilitate respective 1031 exchanges. Built in 1997, the freestanding retail shop totals 5,000 square feet on approximately half an acre located...
via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Private-Investor-Buys-Indio-Auto-Zone/144219?ref=/News/Article/Private-Investor-Buys-Indio-Auto-Zone/144219&src=rss
via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Private-Investor-Buys-Indio-Auto-Zone/144219?ref=/News/Article/Private-Investor-Buys-Indio-Auto-Zone/144219&src=rss
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