Paragon Commercial Group Acquires Development Site In Rialto For $4M

A redevelopment project of a former Hometown Buffet located at 127 W Valley Blvd, Rialto, near the I-10 Freeway in the Inland Empire market, has been sold. The property is a development site with a building size of 106,225 square feet. The transaction took place on 12/07/2021.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $4,000,000
• Address: 127 W Valley Blvd, Rialto, Inland Empire
• Seller: Juanita Murphy & Roberta Boman
• Buyer: Paragon Commercial Group
• Brokers: Elizabeth Clark & Tai Kagehiro - Compass
• Market: Rialto, Inland Empire

The property received multiple offers within the first week of being listed on the market. It was eventually sold at its list price of $4,000,000, with backup offers over asking price. This transaction was facilitated by brokers Elizabeth Clark and Tai Kagehiro from Compass.