The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
March 29, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



INLAND EMPIRE NEWS
Printer-friendly Version   Email an Associate
Corona Food 4 Less Goes for More than $4.7 Mil

1/26/21

A 55k sf, former Food 4 Less grocery store in Corona traded for $4.788 mil ($87/sf). The building, located at 109 North McKinley St, was purchased by Expert Hardware Flooring, who will use it as a retail showroom and wholesale distribution center for their commercial flooring clients.

Built in 1989, the building features an open space floor plan, two loading docks and bay doors, pylon signage along McKinley Ave, expansive parking, and visibility to over 40,000 vehicles per day at the signalized intersection of Magnolia Ave and McKinley Ave. The property is also less than a ˝ mile from the heavily-traveled 91 Freeway and is in a heavy commercial area with a low 1.9% industrial vacancy rate within three miles of the property.

Greg Bedell and Paul Su with Progressive Real Estate Partners represented the seller, a private investor group based in West Los Angeles. The buyer, who financed the deal with an SBA loan, was repped by Barret Woods with Lee & Associates.

“Due to its location and retail market dynamics, we quickly recognized that the highest and best use of this property was a hybrid that included a retail showroom and light industrial,” noted Bedell. “We specifically targeted that niche with a personalized marketing campaign aimed at brokers representing clients for which the space would be a good fit Ultimately, this opportunity was a perfect option for Expert Hardware Flooring to relocate and maintain their Inland Empire presence.”






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 © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media