Rancho Cucamonga, CA – October 23, 2025 – Progressive Real Estate Partners, a leading Inland Empire retail brokerage firm, announced the $7,020,000 sale of the 39,422 square-foot Tower Plaza Commercial Center at 34590–34664 County Line Road in Yucaipa, California. The property was sold as part of a 1031 exchange and is located on a primary thoroughfare connecting Yucaipa and Calimesa to the I-10 Freeway via the County Line Road exit.
Progressive Real Estate Partners Senior VP of Investment Sales Greg Bedell, CCIM represented the seller, a private Inland Empire based investor and the original developer of the property. The buyer, also an Inland Empire based private investor, was represented by Tricia Cerda with REMAX Redlands.
According to Bedell, “With both parties being Inland Empire based this sale reflects the region’s growing affluence and investor sophistication. A decade ago, a $7M local-to-local trade of this size would have been exceptionally rare. Today, it underscores how wealth creation within the greater Inland Empire is fueling sustained retail investment and ownership within the community itself.”
Built in 1995, the 100% occupied commercial center consists of three buildings and is home to a diverse mix of 27 internet 
resistant businesses including food, healthcare, beauty, finance, office and retail users. The units, ranging in size from 240 square feet to 2,200 square feet, are efficiently designed for easy combination or demising allowing ownership to attract a wider pool of tenants.
The City of Yucaipa is a rapidly growing foothill community with strong residential momentum and increasing demand for neighborhood retail/commercial services. Within a 5-mile radius the center serves a population of over 92,000 people with an average household income of more than $122,000.
Bedell stated, “As a local investor, the buyer understood the Yucaipa market well and recognized that this center has long been one of the neighborhood commercial hubs serving the community. With the center’s limited competition, flexible space configurations and its meticulously maintained condition, the property offered a secure and strategic investment with upside potential over time.”
He added, “We secured a market-beating cap rate for an unanchored strip center in the eastern Inland Empire. Our team worked diligently with the lender to navigate appraisal and insurance challenges as well as structured a rare staggered closing across multiple parcels, allowing the buyer to complete several 1031 exchanges while providing the seller with the desired certainty of close.”
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.