Burt M. Polson - Commercial Real Estate Broker

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Private Equity Real Estate Funds

Trust Buys Napa Land for $10 Million

Investor Sells 6 Acres at 2355 California...Hu Family Trust purchased a 6.11-acre site at 2355 California Blvd. in Napa for $10.28 million, or approximately $1.68 million per acre.  The property includes a single structure of 65,413 square feet occupied by Albertsons. Ground lease is for 20 years with 16 years remaining.  Thomas Lackovic of Thomas Lackovic and Associates in Campbell represented the buyer. Kase Abusharkh of Sperry Van Ness in Danville represented the seller.

Source: CoStar Group

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