Private Investor Acquires San Bernardino Property From Sage Invesco For $4.6 Million

A retail property located at 2067 E Highland Ave in San Bernardino has been sold for $4,600,000.00. The building, which was built in 2020, features a total of 5,058 square feet and includes three tenants: Starbucks Coffee, Lefty’s Cheesesteak, and Cricket Wireless. The property is positioned within the San Bernardino market and commands a price of $919 per square foot.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $4,600,000.00
• Address: 2067 E Highland Ave, San Bernardino
• Square Footage: 5,058
• Seller: Sage Invesco
• Buyer: Private Investor
• Seller's Representative: Greg Bedell - Progressive Real Estate Partners
• Buyer's Representative: Hope Kim - Independent Broker

Progressive Real Estate Partners facilitated the transaction, with Greg Bedell representing the seller, Sage Invesco. The buyer, a private investor based in San Bernardino County, was represented by Hope Kim, an independent broker, showcasing a coordinated effort between the representatives to complete the deal.