The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
December 10, 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 Building in Apple Valley Goes for $169/sf


A 15.1k sf, multi-tenant shop building at Rancherias Plaza in Apple Valley has sold for $2.55 mil, or $169/sf. The property is located at 20162 Highway 18, in the fast-growing High Desert region of SoCal’s Inland Empire.

Built in 1991, the 92% occupied shop building is located at the primary entrance of Rancherias Plaza, which is anchored by CVS Pharmacy and a 99 Cents Only store. A diverse mix of seven internet-resistant food and service retailers occupy the shop building. Furthermore, the property benefits from its excellent location on the heavily traveled Highway 18 which is the trade area’s primary retail thoroughfare with an average daily traffic count of over 33,000 cars.

Progressive Real Estate Partners’ Greg Bedell, CCIM, and Chris Lindholm represented the seller, a private, Los Angeles-based investor. The buyer was a private, San Diego-based investor.

“This listing presented an excellent opportunity to acquire a historically well occupied property in a center with nationally recognized anchor tenants,” commented Bedell. “We generated multiple quality offers and ultimately the asset traded within 98% of the asking price further demonstrating the strong investment fundamentals and property location.”

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