Rancho Cucamonga, CA – October 30, 2024 – Progressive Real Estate Partners, the leading Inland Empire retail real estate brokerage firm, announced the $7,000,000 sale of a portfolio of four adjacent separately parceled single tenant net leased properties located at 2505-2575 Highland Avenue in San Bernardino, California. The tenants include IHOP, Wienerschnitzel, Taco Bell and a 76 Gas Station. In addition, the sale included approximately 1.5 acres of land ready for future development.
Progressive Real Estate Partners’ Investment Sales Advisors Lance Mordachini and Trinnie Lee exclusively marketed the listing and represented the Los Angeles County based seller. Kevin Kwan with Realiv represented the San Bernardino County based buyer.
Ideally situated directly adjacent to the I-210 freeway, the property enjoys visibility to an average of over 100,000 cars per day. Prominent freeway pylon signage further enhances the visibility of the tenants and the center. Furthermore, the location 
shares a freeway exit with the popular Yaamava Resort & Casino (432 guest rooms) as well as the San Bernardino Soccer Complex (17 fields) providing the center excellent positioning as traffic flows to these popular destinations.
According to Mordachini, “The opportunity to acquire quality real estate in a freeway adjacent location with established national brands was very attractive to the buyer.” He added, “Furthermore, the portfolio features the income diversity of a multi-tenant asset while providing the ease of management typically associated with single tenant net leased assets.”
Lee noted, “We were able to leverage Progressive Real Estate Partner’s in-depth knowledge of the Inland Empire and network of local investors to procure multiple offers and identify a buyer that has a strong local presence and understood the full potential of the property.”
About Progressive Real Estate Partners
Progressive Real Estate Partners (PREP) is a boutique commercial brokerage firm headquartered in Rancho Cucamonga, California. Founded in 2008, the firm specializes in the leasing and sale of retail properties in Southern California’s Inland Empire, San Gabriel Valley and Coachella Valley. The firm is also the exclusive Inland Empire representative of the Retail Brokers Network (RBN). Since the firm’s inception Progressive has completed over 1,650 lease and sales transactions valued at more than $1.8B in over 35 cities throughout the region. Progressive uses the latest marketing and brokerage techniques to help retailers and property owners achieve their real estate goals. For further information visit www.progressiverep.com.