Montclair, CA – September 09, 2026 – Progressive Real Estate Partners’ Senior Vice President & Managing Director Greg Bedell and Vice President of Leasing & Sales Monica Dal Bianco-West represented both a private Los Angeles-based seller and Los Angeles-based buyer in the sale of a 28,000-square-foot multi-tenant neighborhood retail center located at 5458-5484 Moreno Street in Montclair, California for $5.6 million.
The retail center is located just off the I-10 Freeway and Central Avenue, approximately 0.3 miles from Montclair Place, a dominant regional retail destination generating six million annual visits and undergoing continued modernization. The property also benefits from nearby residential development within the Arrow Highway Mixed-Use District, adding long-term population density to the North Montclair trade area. The seller is Los Angeles-based private investor.
The building is 89% leased to eight local tenants, predominantly restaurants, education, personal-service and experiential uses.
“Today’s retail investors may prefer grocery-anchored properties with national credit shop tenants, but this investment was about the quality of the real estate, the basis and the underlying economics.,” said Bedell. “At roughly $200 per square foot, with rents substantially below market, the property offered a compelling risk-adjusted opportunity despite its primarily local tenant roster. We expect the second half of 2026 to remain active but selective, with ample capital pursuing Inland Empire retail.”
Dal Bianco-West added, “This deal demonstrates that there continues to be significant private-capital demand for Inland Empire retail properties when the real estate and basis make sense. Investors have become more disciplined, but they have not stopped buying. Buyers are increasingly willing to look beyond national-credit tenancy and evaluate the actual fundamentals of the trade area, replacement cost, existing rents and future NOI growth.”
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 2,000 lease and sales transactions valued at more than $2.0B in over 35 cities throughout the region. Progressive Real Estate Partners uses the latest marketing and brokerage techniques to help retailers and property owners achieve their real estate goals.