ASBP, LLC Acquires Retail Center At 2999 Kendall Drive San Bernardino For $16.75M

ASBP, LLC acquired a retail asset known as Kendall Plaza, located at 2999 Kendall Drive in San Bernardino, California, for a total of $16.75 million. The property consists of 66,713 square feet of unanchored retail space situated on 13.58 acres, with a price per square foot of $251. It is strategically located near Interstate 215 and California State University, San Bernardino, and offers additional land for potential future development.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $16,750,000
• Square Footage: 66,713 SF
• Purchase Price per Square Foot: $251
• Buyer: ASBP, LLC
• Seller: Kendall Plaza, LLC
• Broker: Lance Mordachini - Progressive Real Estate Partners
• Market: San Bernardino, CA
• Acres: 13.58

The deal was facilitated by Lance Mordachini, representing Progressive Real Estate Partners as the broker for the transaction. This off-market acquisition reflects strategic moves by ASBP, LLC in securing retail space in a growing area with potential for further development.