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4/21/17
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A 5.5k sf property net-leased to Coco’s Bakery Restaurant in the city of Redlands sold for $3.6 mil, or $655/sf. The property is located at 1140 West Colton Ave, at the intersection with Tennessee St, adjacent to the south side of I-10.
Chuck Shillington with Marcus & Millichap represented the seller, a limited liability company. The 1031 exchange buyer, an individual/personal trust, was also repped by Shillington. Financing was provided by Marcus & Millichap Capital Corporation, represented by Brett Simkins.
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