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Monday, May 5, 2025

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.

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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