Marinita-Sage Rancho LLC Sells 97,380 Square Foot Retail Center In Banning For $8.7 Million

The retail asset involved in the transaction is a 97,380-square-foot retail center located at 300 South Highland Springs Avenue in Banning. The property was sold for $8.7 million.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $8.7 million
• Square Footage: 97,380
• Address: 300 South Highland Springs Avenue
• Market: Banning
• Seller: Rancho LLC
• Broker: Paul Bitonti - Marcus & Millichap

Paul Bitonti of Marcus & Millichap represented both the seller and the private investor in this transaction, facilitating the exchange between the parties involved in the sale of the retail center.