Private Investor Acquires Commercial Asset In Pomona For $2.7M

The restaurant property located at 101 W. Foothill Blvd. in Pomona, CA, has been acquired by a private investor based in San Gabriel, Calif. The asset, originally built in 1976, features a drive-thru lane and has been occupied by Jack in the Box for over 30 years. Following a major renovation in 2020 to align with the current store branding, the property was sold for $2.7 million.

Summary of transaction details:

• Property Type: Commercial
• Transaction Amount: $2,700,000.00
• Address: 101 W Foothill Blvd, Pomona, CA
• Market: Pomona

Mike Lin of Progressive Real Estate Partners represented the buyer, a private investor, in this transaction. The seller of the property remains undisclosed, and the buyer had the representation of Mike Darling in the deal.