Project Details

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Project Description

CLOSED $2,775,000

Cherry Valley Plaza is 16.5 acres of prime retail land along Interstate 10 in Calimesa, CA. Prior to marketing the property, Residual Group was able to determine a $310,000 cash account was held by the city for required improvements (unbeknownst to the Seller). This accounted for a dollar for dollar increase to the land residual.