Central California Private Buyer Acquires 8,960-SF Retail Building In Riverside For $4.6M

A multi-tenant retail building located at 18530 Van Buren Boulevard in Riverside has been sold for $4,600,000. The asset comprises 8,960 square feet and is situated in the Riverside market, specifically within Orangecrest Plaza, where it is 90% leased to seven food and service tenants.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $4,600,000
• Square Footage: 8,960
• Price Per Square Foot: $513
• Address: 18530 Van Buren Boulevard
• Market: Riverside
• Buyer's Representative: Josh Labogin & Vicky Casey - Casey & Associates
• Seller's Representative: Greg Bedell & Trinnie Lee - Progressive Real Estate Partners

The transaction involved representatives from both the buyer and seller side, with Casey & Associates acting on behalf of a Central California private buyer. The seller was represented by Greg Bedell and Trinnie Lee from Progressive Real Estate Partners, who facilitated the sale on behalf of an Orange County private investor.