Red Mountain Group Acquires Retail Property In Chino For $42.2M

Red Mountain Group has acquired a retail property located at 12013 Central Ave. in Chino. The property spans 168,264 square feet and was sold for a total of $42,200,000, resulting in a price per square foot of $250. The deal was facilitated by brokers Pete Bethea, Rob Ippolito, and Glenn Rudy from Newmark.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $42,200,000
• Address: 12013 Central Ave., Chino
• Market: Chino
• Buyer: Red Mountain Group
• Brokers: Pete Bethea, Rob Ippolito, and Glenn Rudy - Newmark

Rob Ippolito, Pete Bethea, and Glenn Rudy from Newmark represented Red Mountain Group in this transaction.