SOLD
San Gabriel Valley-Based Private Investor Acquires Retail Property In Rancho Cucamonga For $7.4M
10582 Foothill Boulevard
Retail
21,918 SF
21,918 SF
Sold 186 days ago
Summary
Sale
CALIFORNIA
Retail
21,918 sqft
A 21,918-square-foot retail property located at 10582 Foothill Boulevard in Rancho Cucamonga, California, has been sold for $7.4 million. The property is part of the Terra Vista Town Center, and the transaction was an all-cash deal. The buyer is a San Gabriel Valley-based private investor, while the seller is a Michigan-based private investor.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,400,000
- Address: 10582 Foothill Boulevard
- Market: Rancho Cucamonga
The sale of this fully occupied building included nine tenants, consisting of beauty service providers, a jeweler, an escape room, and a children's indoor playground. The leases for these tenants are triple net, with staggered expirations, annual rent increases, and below-market rents.
Players
All
5
Agents
3
Agencies
2
Details
SOLD
IMAGE: Greg Bedell, Raymond Ho & Paul Su
DATE: 11/01/2023
ADDRESS: 10582 Foothill Boulevard
MARKET: Rancho Cucamonga
ASSET TYPE: Retail
BUYER'S REP: Raymond Ho - GE Properties
SELLER'S REP: Greg Bedell (@The_Great_Gregsby) & Paul Su - Progressive Real Estate Partners (@ProgressiverRealEstatePartners)
SALE PRICE: $7,400,000
SF: 21,918 ~ PPSF: $338
NOTE: A 21,918-square-foot retail property in Rancho Cucamonga, California, part of Terra Vista Town Center, was sold by a Michigan-based private investor to a San Gabriel Valley-based private investor for $7.4 million in an all-cash deal. The fully occupied building features nine tenants, including beauty service providers, a jeweler, an escape room, and a children's indoor playground, with leases that are triple net, have staggered expirations, annual rent increases, and below-market rents.View on map
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Address10582 Foothill Boulevard
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