HESPERIA, CA – First Team Real Estate High Desert office agent Karen Copeland recently completed the sale of a retail commercial center in Hesperia, CA, successfully representing both the seller and the buyer in the transaction. Selling the center for the full list price of $2.65 Million, with both sides, the gross sale amounts to a total of $5.3 Million.
The 7-unit shopping center consisted of 2 buildings totaling 8,850 square feet on one acre of land adjacent to the I 15 Freeway offramp. The cap rate is 5.5% and the shopping center is fully leased. In addition to this impressive commercial transaction, Karen is now working with the seller to obtain another suitable investment for a 1031 exchange.
“Karen is an excellent commercial and residential agent and broker who is always conscientious regarding the needs of her clients. Her work ethic and perseverance make her a valuable member of our High Desert team,” shares Bruce Kallen, First Team Real Estate High Desert manager. “Karen has a very loyal client base and superior knowledge of the High Desert commercial market which brings her to the forefront of local agents”.
An experienced associate broker with a demonstrated history of working in the commercial real estate industry, Karen’s comprehensive real estate services and skills also include residential transactions, investment properties, short sales, working with relocation buyers, and investment advisory. Graduated from Cal State Fullerton, her strong financial background helps ensure her clients’ success, no matter what their real estate goals.
“At First Team High Desert, our goal is to empower agents to do all types of transactions. Our leadership team works personally with each agent to try and enhance their individual business,” explains Bruce. “We are always looking for hard-working and conscientious agents, both new and experienced, to help grow their business.”
First Team High Desert has two offices, one in Hesperia and one in Victorville. With over 70 experienced agents in residential, commercial, land sales, and investment properties, we are proud to be the trusted local brokerage, serving the needs of our communities. For more information on First Team High Desert, contact us at 760-952-8326 (TEAM) or 760-881-3771.
First Team Real Estate High Desert locations:
High Desert – Victorville
12170 SVL parkway
Victorville, CA 92395
High Desert – Hesperia
15545 Bear Valley Rd, Suite A
Hesperia, CA 92345