Major Portion of Rancherias Plaza in Apple Valley, CA Acquired by Pacwest Management for $3.1 Million

Orlando Acevedo

APPLE VALLEY, CA - The Town of Apple Valley, located in the High Desert region of the Inland Empire in Southern California, announced that a major portion of Rancherias Plaza has sold to Pacwest Management for $3.1 million. The sold portion includes four retail buildings totaling 40,079 square feet.

David Wick of Marcus & Millichap represented Pacwest Management. The seller, Huntington Beach Partnership, was represented by Brad Freeman of Freeman & Associates.

  

“Apple Valley has continued demand for more retail and dining amenities,” noted Orlando Acevedo, economic development manager, Apple Valley. “Retailers and investors are recognizing that demand, especially as Apple Valley presents an emerging market that is on the upswing in this growth cycle.”

For a complete copy of the company’s news release, please contact:

Darcie Giacchetto

Spaulding Thompson & Associates

949.278.6224