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1851 East G Street
LEASED

KFC Acquires 3,273 SF Land In Ontario For 15-Year Lease With Landlord's Rep Progressive Real Estate Partners

1851 East G Street

Land
3,273 SF
clock iconLeased 252 days ago
Albert Lopez
Charlie Cangelosi
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Summary

Lease
CALIFORNIA
Land
3,273 sqft

A 15-year ground lease has been facilitated by Progressive Real Estate Partners between KFC and the landlord for a 3,273-square-foot drive-thru restaurant located at 1851 East G Street in Ontario. KFC, represented by Charlie Cangelosi of Irish Commercial, will be renovating the building and is set to open by mid-2024.

Summary of transaction details

  • Property Type: Land
  • Transaction Amount: Not specified
  • Square Footage: 3,273 SF
  • Address: 1851 East G Street, Ontario

The ground lease transaction was brokered by Albert Lopez of Progressive Real Estate Partners, who represented the landlord, and Charlie Cangelosi of Irish Commercial, who acted as the tenant's representative. The strategic location of the property, alongside In-N-Out Burger's expansion, played a significant role in KFC's decision to lease the space and capitalize on the area's potential.

Players

  • All

    4

  • Agents

    2

  • Agencies

    2

Albert Lopez's profile picture
Albert Lopez
Progressive Real Estate Partners-image
Senior Retail Specialist
$12.7M Sold

Details

Deal Summary
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LEASED
IMAGE: Albert Lopez, Sabir Sami and Charlie Cangelosi DATE: 10/04/2023 ADDRESS: 1851 East G Street MARKET: Ontario ASSET TYPE: Land ~ SF: 3,273 TENANT: KFC - Sabir Sami LANDLORD'S REP: Albert Lopez - Progressive Real Estate Partners (@ProgressiverRealEstatePartners) TENANT'S REP: Charlie Cangelosi - Irish Commercial LEASE TERMS: 15-year NOTE: Progressive Real Estate Partners facilitated a 15-year ground lease between KFC and the landlord for a 3,273-square-foot drive-thru restaurant at 1851 E. G St. in Ontario. KFC, represented by Charlie Cangelosi of Irish Commercial, is renovating the building to open by mid-2024, capitalizing on the area's strategic location alongside In-N-Out Burger's expansion.

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Address1851 East G Street

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