San Bernardino Investor Acquires 3,000 Square Foot Restaurant In Lake Elsinore For $2.9M

The transaction involved a retail asset located at 29160 Central Avenue in Lake Elsinore. The property consists of a 3,000-square-foot single-tenant restaurant, which was sold for $2,900,000. The asset is currently occupied by Pollo Campero under a 15-year triple-net lease and is situated as an outparcel to a retail center anchored by Stater Bros.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $2,900,000
• Square Footage: 3,000
• Price per Square Foot: $967
• Buyer’s Representative: Lance Mordachini & Greg Bedell - Progressive Real Estate Partners
• Seller’s Representative: Bill Asher & Jeff Lefko - Hanley Investment Group
• Date of Transaction: 04/20/2026

The deal included representation from two brokerage firms. The buyer, a private investor based in San Bernardino, worked with Lance Mordachini and Greg Bedell of Progressive Real Estate Partners, while the seller received representation from Bill Asher and Jeff Lefko of Hanley Investment Group.