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McKinley Group Acquires Shopping Center In San Bernardino For $20M

2002-2383 East Highland Avenue
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This Other property located in CA was sold for $20,000,000 over 5 years ago. The brokers of the deal were Dixie Walker, Max Wang, Charley Simpson, and John Griffin

Located at 2002-2383 East Highland Avenue, this Shopping Center in San Bernardino, LA has recently been sold for $20,000,000. Spanning a total area of 159,000 square feet, the price per square foot comes to $125. The transaction took place on September 21, 2018.

Summary of transaction details

  • Property Type: Shopping Center
  • Transaction Amount: $20,000,000
  • Address: 2002-2383 East Highland Avenue
  • Market: San Bernardino, LA

The buyer of this shopping center was the McKinley Group, while the seller was Safco Capital. McKinley Group was represented by Max Wang and John Griffin, whereas Dixie Walker and Charley Simpson served as the representatives for Safco Capital.

It is worth noting that Safco Capital had previously purchased this property from Starwood Property Trust for $11.8 million, or $74.14 per square foot, back in May 2012, according to information from CoStar Group.

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Deals
  • Location
    2383 East Highland Avenue, San Bernardino, CA, USA2383 East Highland Avenue, San Bernardino, CA, USA
  • Sale Price
    $20,000,000$20,000,000
    $125 PPSF$125 PPSF
  • Area
    159,000 SF159,000 SF
  • Asset Type
    OtherOther
  • Parties
    4 Brokers, 2 Agencies4 Brokers, 2 Agencies

Agents

Dixie Walker

Dixie Walker

Deals1
Sold$20M

Agencies

Cushman & Wakefield

Cushman & Wakefield

Agency
Deals4190
Volume$167B

Colliers International

Colliers International

Agency
Deals1674
Volume$36.2B

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Deal Summary

IMAGE: Charley Simpson, Dixie Walker McKinley Navaroli and Max Wang DATE: 21/09/2018 ADDRESS: 2002-2383 East Highland Avenue MARKET: San Bernardino CITY: LA ASSET TYPE: Shopping Center PRICE: $20,000,000 SF: 159,000 PPSF: $125 BUYER: McKinley Group BUYER'S REPRESENTATIVE: Max Wang and John Griffin SELLER: Safco Capital SELLER'S REPRESENTATIVE: Dixie Walker and Charley Simpson NOTE: Safco Capital bought the property from Starwood Property Trust for $11.8 million, or $74.14 per square foot, in May 2012 according to information from CoStar Group.(LABJ) @labjevents

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2002-2383 East Highland Avenue

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