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San Fernando
Thursday, Dec 8, 2022
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San Fernando Automotive Property Sold

A 18,000-square-foot signalized corner lot at 1203 N. Maclay Ave. in San Fernando has sold for $1.42 million. The commercial property is home to an automotive business. CREI broker Karl Niehaus represented both seller Pinfiniti Investments and buyer Maclay Avenue Investments. According to CREI spokesperson Matthew Gonzaga, the seller will be completing a 1031 exchange for a larger property. Meanwhile, the buyer will completely renovate the property and add a car wash and gasoline sales to the property.

Michael Aushenker
Michael Aushenker
A graduate of Cornell University, Michael covers commercial real estate for the San Fernando Valley Business Journal. Prior to the Business Journal, Michael covered the community and entertainment beats as a staff writer for various newspapers, including the Jewish Journal of Greater Los Angeles, The Palisadian-Post, The Argonaut and Acorn Newspapers. He has also freelanced for the Santa Barbara Independent, VC Reporter, Malibu Times and Los Feliz Ledger.
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