Wood Investments Companies, a commercial real estate investment firm, announced the sale of a newly developed 4,000-square-foot retail pad building occupied by Sherwin-Williams in Beaumont, California, for $3.24 million. The property, located at 1495 East 2nd Street, is adjacent to San Gorgonio Village, a shopping center developed and owned by Wood Investments, and benefits from its proximity to Interstate 10 and nearby master-planned communities. Sherwin-Williams, which opened in November 2022, signed a new 10-year triple-net lease with rental increases every five years.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $3,240,000
• Market: Beaumont
• Address: 1495 East 2nd Street
• Square Footage: 4,000

Howard Rosenthal & Guy Excell from Rosenthal & Excell Commercial Real Estate represented the buyer in the transaction, while Lee Csenar & Ed Hanley of Hanley Investment Group Real Estate Advisors represented the seller, Wood Investments Companies, Inc.