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

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.