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10582 Foothill Boulevard
SOLD

San Gabriel Valley-Based Private Investor Acquires Retail Property In Rancho Cucamonga For $7.4M

10582 Foothill Boulevard

Retail
21,918 SF
clock iconSold 203 days ago
Paul Su
Greg Bedell
Raymond Ho
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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

Paul Su's profile picture
Paul Su
Progressive Real Estate Partners-image
Vice President Leasing & Sales
$12.2M Sold
Raymond Ho's profile picture

Details

Deal Summary
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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.

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Address10582 Foothill Boulevard

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