Arthur Flores Of CBRE Represents Buyer In $20.8M Sale Of Riverside Retail Outparcels

The sale involved five outparcels at Citrus Landing, a fully leased shopping center located at 7200 Arlington Avenue in Riverside. The retail properties encompass a total of 25,916 square feet and were sold for a price of $20,800,000, translating to approximately $803 per square foot. The shopping center is anchored by Stater Bros and features tenants such as Chick-fil-A, Panda Express, and Quick Quack Car Wash.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $20,800,000
• Property Address: 7200 Arlington Avenue
• Market: Riverside
• Square Footage: 25,916
• Price Per Square Foot: $803
• Buyer's Representative: Arthur Flores - CBRE
• Seller's Representatives: Edward Hanley & Kevin Fryman - Hanley Investment Group

Hanley Investment Groupfacilitated the transaction, successfully brokering the sale involving key players in the retail real estate market. Arthur Flores represented the buyer, ensuring a smooth acquisition process, while Edward Hanley and Kevin Fryman represented the seller, highlighting their expertise within the industry.