Orbis Real Estate Partners Sells Retail Property On Milliken Avenue In Ontario For $2.68M

The property involved in this transaction is a retail asset located at 2958 Milliken Avenue, Ontario. It has a sale price of $2,680,000 and encompasses a total square footage of 2,383, which translates to a price per square foot of $1,124.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $2,680,000
• Seller: Orbis Real Estate Partners
• Buyer's Representative: Vanessa Haddad - Marcus & Millichap
• Seller's Representatives: David Swerdlow, Jimmy Slusher & Erin Smith - CBRE
• Lease Information: Corporate-Backed Lease, New Build, 20-Year Lease Term
• Location Traits: Situated off Major Freeway Exit, S Milliken Ave & the 60 Freeway, Excellent Visibility

Key individuals involved in this transaction include buyer's representative Vanessa Haddad from Marcus & Millichap and seller's representatives David Swerdlow, Jimmy Slusher, and Erin Smith from CBRE. The buyer's representative highlighted features such as the new build and excellent visibility of the property, offering potential for high traffic and visibility due to its strategic location.