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11/21/24
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Center Point Plaza, a 28.9k sf retail property in the Inland Empire city of Yucaipa, traded hands for $10.8 mil, or $373/sf. The property is located at 33490-33492 Oak Glen Rd, just south of Yucaipa Blvd.
Constructed in 2007, Center Point Plaza serves as a community anchor providing a variety of services, from food to medical care. Its design and location make it an attractive proposition for investors looking for stability and growth potential in the retail sector.
Ivan Prochko, Orbell Ovaness, and Ara Rostamian with Marcus & Millichap represented the seller, a partnership. The buyer, a private investor, was repped by Bashir Tariq of Keller Williams Realty.
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