The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
June 17, 2019
 Search RENTV
 Video Programs
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

Printer-friendly Version   Email an Associate
Retail Center in Chino Trades in $6.85 Mil Transaction


Chino Promenade 3, a 41.4k sf retail community shopping center in Chino, sold for $6.85 mil ($165/sf). The property is located at 5536-5546 Philadelphia St, in a prominent retail corridor within the West Inland Empire.

The sale of Chino Promenade 3 included two single-story retail buildings; a 24.7k sf movie theatre leased to corporate tenant Cinemark USA and a multitenant building totalling 16.7k sf, anchored by Shakey’s Pizza along with five other tenants. Chino Promenade 3 sits on 3.41 acres, in a central location, at the northeast corner of Central Ave and Philadelphia St. It has excellent parking, street visibility and monument signage along Philadelphia Street with transportation access to the 60 Freeway off Central Avenue.

Chino Promenade 3 was 100% leased at the time of sale with Cinemark Movie Theater, Shakey’s Pizza and Wheel House Centers as anchor tenants. The vacancy rate for retail space in the Inland Empire remains low at 6.5%. Chino Promenade 3 has outstanding demographics, within a three-mile radius of the property there are 183,000 people with an average income of more than $71,000.

Mario Alvarez and Marc Piron with NAI Capital’s Ontario office represented the seller and buyer in the transaction. According to Alvarez, the property received multiple offers.

Return to the Archive page





Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2019 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media