Private Orange County Investor Acquires Mixed-Use Flex Center In San Bernardino For $6.79M

A mixed-use asset located at 165 East Hospitality Lane in San Bernardino, California, was sold for $6,789,000. The property spans 44,290 square feet with a price per square foot of $153. It features a multi-tenant flex center that is 93% occupied.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $6,789,000
• Address: 165 East Hospitality Lane
• Market: San Bernardino
• Square Footage: 44,290
• Price per Square Foot: $153
• Broker Representatives: Greg Bedell and Lance Mordachini - Progressive Real Estate Partners

A private investor from Orange County acquired the property in an all-cash transaction, with the strong demand for small commercial spaces leading to 16 offers on the 93% occupied property. The seller was based in Los Angeles and was represented by Greg Bedell and Lance Mordachini of Progressive Real Estate Partners.