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• New Starbucks with Drive-Thru in the Inland Empire Sells for $1,722/sf
4/01/20
A brand-new, 1.8k sf single-tenant Starbucks with a drive-thru in Twentynine Palms sold for $3.1 mil, which works out to $1,722/sf. Built in 2020, the property is located on 0.54 acres at 73690 Twentynine Palms Hwy.
The pro...
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• Palm Desert Res Community Sells for $171k/Unit
4/01/20
A SoCal-based investment group purchased Royal Palms Condominiums, a 52-unit community in Palm Desert, for $8.9 mil, or $171k per unit. The property, located at 40890 Sandy Gale Lane, received multiple offers.
Built in 1985,...
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• Providence Capital Group Spends $68 Mil on Rancho Cucamonga Arte Project
3/31/20
Arte, a 182-unit, luxury apartment community in Rancho Cucamonga, was acquired by an affiliate of Providence Capital Group Inc for $68 mil, or $373.6k/unit. The asset, located at 10130 Foothill Blvd, was sold by Fore Property...
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• Investor Exchanges into Beaumont Commercial Property
3/30/20
Highland Springs Medical Arts Building, a 14.8k sf medical office building in Beaumont, was purchased by a private, 1031 exchange investor for $3 mil, or $203/sf. The property is located at 701 Highland Springs Ave.
Highland...
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• Rancho Cucamonga Retail Center Sells for $13.75 Mil
3/26/20
Shops to Victoria Gardens, a 31.4k sf retail strip center adjacent to the Victoria Gardens lifestyle center in Rancho Cucamonga, sold for $13.75 mil ($438/sf). It was sold by Fit Development.
Situated on 2.65 acres at 12455 ...
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• Inland Empire Self-Storage Facility Trades
3/19/20
Upland Self Storage, an 834-unit self-storage facility located in Upland, was purchased by an unnamed institutional investor. The 70.6k sf facility sits on 5.2 acres at 135 South Campus Ave, north of I-10 and east of Euclid A...
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• 64k sf Riverside Office Building Sells
3/18/20
A 63.8k sf, Class A office building in Riverside traded hands in a recent transaction. The building, located at 2300 Market St, was acquired by and L.A.-based private investor and was sold by Dornin Investment Group.
The bui...
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• Moreno Valley Multifamily Property Goes for $138k/Unit
3/10/20
Bevia Apartments, a 48-unit multifamily property in Moreno Valley, was purchased by a local buyer for $6.65 mil, or $138.5k/unit. Located 13260 Heacock St, Bevia Apartments is a two-story, garden-style apartment community ori...
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• Rockefeller Group Picks Up 7.8 Acres of Development Land in Otay Mesa
3/09/20
Rockefeller Group has purchased a 7.81-acre improved land parcel in Otay Mesa on which the company intends to develop a 138.5k sf distribution center to be called Airway Industrial Park. The site is zoned for industrial use a...
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• Temecula Biz Campus Traded in $11 Mil Deal
3/06/20
A Los Angeles-based private investor acquired Temecula Corporate Park, an 86.9k sf, multi-tenant office and industrial park in Temecula, in a recent $10.9 mil transaction. The property is located at 43379, 43385, 43391 and 43...
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• Commercial Building in San Bernardino Acquired by Credit Union for New HQ Location
3/02/20
Thinkwise CU paid $2.25 mil for a vacant, 18.3k sf ($123/sf) commercial building located at 599 North E Street in the heart of San Bernardino’s downtown civic center area. The property will be used as the headquarters and pri...
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• Renaissance Marketplace Adds 500k sf Destination Retail Center in Rialto
2/27/20
Renaissance Marketplace, a new, 500k sf retail center in Rialto, was completed last year by Lewis Retail Centers. It is located at 1309 West Renaissance Pkwy, west of Ayala Dr and adjacent to the south side of the 210 Fwy.
T...
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• Transwestern Development Co Starts Work on 225k f Spec Warehouse in the Inland Empire
2/27/20
Transwestern Development Co has broken ground on I-215 Commerce Center, a 225.2k sf speculative warehouse at the corner of East Cooley Dr and Ashley Way in Colton. Situated near the junction of Interstates 215 and 10, the ind...
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• Bridge Development Partners Completed Over $450 Mil in Acquisitions During 2019
2/25/20
Bridge Development Partners LLC has delivered nearly 1 msf of Class A industrial product and acquired more than 4.5 msf of future development across California in 2019. Across California in 2019, Bridge completed eight acquis...
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• Newly Constructed Sprouts Market in the Inland Empire Sells for Over $10 Mil
2/25/20
A newly constructed, single-tenant Sprouts Farmers Market at the Highland Village Shopping Center in Fontana sold for $10.4 mil. The transaction had a 5.19% cap rate, what we’re told is a record-low cap rate and a record-high...
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• Cardinal Health’s 1 msf State-of-the-Art Inland Empire Distribution Center Trades Hands
2/20/20
A 1 msf warehouse and distribution facility at 6275 Lance Dr in Riverside was purchased by an unnamed institutional buyer. The asset, located within the 920-acre Sycamore Canyon Business Park, was sold by Dedeaux Properties,...
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• Four Newly Constructed Industrial Buildings in Lake Elsinore Sell for $8 Mil
2/19/20
Adler Realty Investments Inc and Fairway Commercial Partners Inc recently sold four buildings in phase two of Fairway Business Park in the city of Lake Elsinore. The buildings were sold to four separate owner-users in separat...
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• CBRE Global Investors Fund Buys Industrial Asset in the Inland Empire
2/17/20
A fully leased, 143.3k sf distribution facility in San Bernardino was acquired a fund sponsored by CBRE Global Investors. The last-mile building, located at 945 South Sunnyside Ave, is leased to FedEx.
The facility, known as...
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• Poincare Group LLC Spends $26 Mil on 118k sf of Temecula Retail Assets
2/12/20
In Temecula, Poincare Group LLC purchased Bel Villaggio I-II and Bel Villaggio III, adjacent retail centers leased to a complementary mix of internet resistant tenants. The assets, which traded for $26.1 mil, total 117.8k sf ...
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• Riverside Residential Building Goes for $153k/Unit
2/11/20
A 15-unit apartment complex in Riverside sold for $2.3 mil, or $153.3k/unit). The property, known as Kansas Apartments, is located 3332 Kansas Ave and totals 14.1k sf.
The building features 15 units that are fully leased wi...
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