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Monday, Nov 4, 2024

San Fernando Retail Building Sells for $850,000

A corner retail property in San Fernando has changed hands for $850,000, or $158 a square foot. The single-story building at 1031-1035 N. Maclay Ave. sits on less than a quarter-acre of land. It was built in 1949. Karl Niehaus of CREI served as agent for both the buyer and seller. According to a statement from Niehaus’ Brentwood-based brokerage, “the tenant bought the property after beating out multiple offers from other buyers.” CoStar Group identifies Daniel Zilberberg as the buyer, assuming the 5,370 square-foot building from Teri Weiss. Since November 2018, the store’s single tenant has been Wild Plum Wellness, a spa and yoga center.

Hannah Madans Welk
Hannah Madans Welk
Hannah Madans Welk is a managing editor at the Los Angeles Business Journal and the San Fernando Valley Business Journal. She previously covered real estate for the Los Angeles Business Journal. She has done work with publications including The Orange County Register, The Real Deal and doityourself.com.

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