Rancho Cucamonga, CA – January 12, 2022 –Chris Lindholm, Investment Sales and Land Specialist at Progressive Real Estate Partners represented both parties in the sale of a 3.32 acre commercial land parcel for $1,735,000 in an all cash transaction. The land is located at the northeast corner of Florida Avenue (SR 74) and Soboba Avenue in Hemet, California.
The buyer, Sater Hemer, LLC, has developed numerous gas station properties throughout SoCal and plans to develop a gas station, car wash and drive-thru restaurant on this site although neither a timeline or specific plans have been released yet.
Located at a signalized hard corner, the property has excellent street frontage and visibility with average traffic counts of over 24,000 cars per day. The excellent location, general commercial zoning which allows for a variety of uses and size of the property made the listing very desirable and it generated multiple qualified offers within a week of going to market. The seller decided to go with this buyer based on their previous track record and development experience.
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 market. The office is also the exclusive Inland Empire representative of the Retail Brokers Network (RBN). Since the firm’s inception Progressive has completed over 1,200 lease and sales transactions valued at more than $1.8B in 35+ cities throughout the region. Progressive uses the latest marketing and brokerage techniques to help retailers and property owners achieve their commercial real estate goals.