Private Investor Acquires Valley Plaza Retail Center In Pomona For $2.65M With Mark Wilson And Trinnie Lee As Brokers

A private investor acquired Valley Plaza, an 11,700-square-foot multi-tenant retail center situated at 2407 Valley Boulevard in Pomona, for $2.65 million ($226 per square foot). The property was built in 1993 and features a service-oriented tenant mix, offering potential for value-add renovations to improve its condition and curb appeal.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $2,650,000
• Square Footage: 11,700
• Price Per Square Foot: $226
• Address: 2407 Valley Boulevard
• Market: Pomona
• Buyer's Representative: Mark Wilson - Channel Investment Group
• Seller's Representative: Trinnie Lee - Progressive Real Estate Partners

Mark Wilson represented the buyer while Trinnie Lee represented the seller in this transaction. The sale reflects strategic interests from both parties, with the buyer planning to undertake renovations at the property to enhance its overall appeal and functionality.