Tricia Cerda Of REMAX Redlands Represents Buyer In $7M Retail Sale In Yucaipa
34664 County Line Road
$7,000,000
$177/SF
Building Size
39,422 SF
Asset Type
Retail
Closing
Oct 27, 2025
AI
The property asset involved in this transaction is the Tower Plaza Commercial Center, located at 34590–34664 County Line Road in Yucaipa. The asset encompasses a total of 39,422 square feet and includes three buildings with 27 tenants, contributing to its fully leased status. The sale price for the property was $7,000,000, resulting in a price per square foot of $178.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,000,000
- Square Footage: 39,422
- Price per Square Foot: $178
- Address: 34590-34664 County Line Road
- Market: Yucaipa
- Buyer's Representative: Tricia Cerda - REMAX Redlands
- Seller's Representative: Greg Bedell - Progressive Real Estate Partners
This transaction was brokered by Progressive Real Estate Partners, where Greg Bedell represented the seller, who was the original developer of the property. The buyer, represented by Tricia Cerda of REMAX Redlands, is based in the Inland Empire.
Players
Yucaipa Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93