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9/18/18
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Seley Plaza, a 159.3k sf neighborhood shopping center in San Bernardino, traded hands in a $20.03 mil transaction. The property, located just south of the 210 Fwy at 2002-2383 E. Highland Ave, was purchased by Newman International LLC, a private investor.
Seley Plaza is 91% occupied by 21 tenants, including 99 Cents Only, Rite Aid Pharmacy, Big 5 Sporting Goods, Dollar Tree, Chase Bank, Rent-A-Center, Western Dental, Del Taco, and Goodyear Tire. The sale works out to $125/sf.
Dixie Walker and Charley Simpson with Cushman & Wakefield represented the seller, a joint venture comprised of Robhana Group and SAFCO Capital Corporation. Max Wang and John Griffin, also with C&W, repped Newman International in the transaction.
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