The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
December 7, 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?



RETAIL NEWS
Printer-friendly Version   Email an Associate
Investor Pays $2.7 Mil for Vacant Big Lots Store in Fontana

11/03/23

A vacant, 15.2k sf building in Fontana sold for $2.7 mil ($178/sf). The structure, which sits on a 30k sf lot at 17093 Valley Blvd, is a former Big Lots store.

This Fontana property was sold by Red Mountain Group, which purchased the building earlier this year from Big Lots Inc as part of a larger portfolio of 20 empty retail big box stores. Since that purchase, 13 of the empty stores have been leased or are in lease negotiations, with eight of the leases being executed prior to close of escrow.

Within this portfolio, Red Mountain Group has signed leases with two Grocery Outlet Stores three Savers stores; two Red, White, & Thrift stores; one Ross Dress for Less; one Planet Fitness; one Ace Hardware (Westlake); and one Dollar Tree store with more credit tenant signings expected soon.

The buyer of the Fontana building was Mirlan LP. Red Mountain Group was repped by Lea Clay Park of Axiom Real Estate in the sale transaction.





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