Orange County Investor Acquires Allmark Plaza Retail Center In Rancho Cucamonga For $6M

The Allmark Plaza retail center, located at 10060-10080 Arrow Route in Rancho Cucamonga, CA, has a sale price of $6,000,000. This asset encompasses a total of 16,926 square feet and delivers a price per square foot of $354. The property was fully leased at the time of sale, showcasing its appeal as a neighborhood shopping center.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $6,000,000
• Square Footage: 16,926
• Price per Square Foot: $354
• CAP Rate: 6.91%
• Seller: Allmark Property Management
• Buyer: Orange County-based private investor
• Brokers: Lance Mordachini, Monica Dal Bianco-West - Progressive Real Estate Partners

Lance Mordachini and Monica Dal Bianco-West represented the buyer during this transaction, while Allmark Property Management acted on behalf of the seller. The buyer highlighted the strong occupancy, diverse tenant mix, and long-term cash flow potential of the property as significant factors in their investment decision.