Culichi Lounge, Inc Acquires Ontario Retail Property For $4.65M

SRS Real Estate Partners has sold a single-tenant Mexican restaurant property, Culichi Town, for $4.65 million in Ontario, CA. The property, located at 4423 Mills Circle, is an outparcel at Ontario Mills Mall and spans approximately 1.37 acres. The retail asset has a total square footage of 5,535 and achieved a price per square foot of $840. The transaction took place on October 23, 2023.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $4,650,000
• Address: 4423 Mills Circle
• Market: Ontario
• Acres: 1.37

The buyer, Culichi Lounge, Inc, acquired the Culichi Town property. The deal was facilitated by Matthew Mousavi and Patrick Luther of SRS Real Estate Partners, who served as the brokers representing both the buyer and the seller. The transaction garnered significant interest from multiple parties due to the property's prime location at Ontario Mills Mall and its strong lease, which has nine years remaining. The performance of Culichi Town further contributed to the competitive nature of the offers received.