Rancho Cucamonga, CA – September 29, 2025 – Progressive Real Estate Partners recently completed the $1,980,000 sale of a 13,593 square foot multi-tenant retail building located at 57990 29 Palms Highway in Yucca Valley, California. The property sold as part of a 1031 exchange transaction.
Located in a Stater Bros anchored center that also features Dollar Tree, Tractor Supply Co, Harbor Freight and others the fully leased building is home to three discount and service-oriented tenants –Crazy Bargains, Luxury Nail Spa and No Limits Boutique.
Progressive Real Estate Partners Senior Investment Sales Advisor Lance Mordachini represented the seller, a private Los Angeles County based investor and repeat client in the transaction. The buyer, also a private Los Angeles County based investor, handled their own representation.
Prominently positioned on 29 Palms Highway, the most heavily trafficked arterial in Yucca Valley with visibility to over 29,000 cars per day, the center also benefits from its proximity to the Twentynine Palms Marine Corps Base and Joshua Tree 
National Park (3M+ annual visitors) drawing tourists for groceries and last-minute essentials.
Recent additions to the center include a newly opened Quick Quack Car Wash, a multi-tenant drive-thru pad with Domino’s Pizza and Jersey Mike’s opening soon and an El Pollo Loco drive-thru also coming soon.
According to Mordachini, “The buyer was looking to increase the retail assets in their portfolio and this property was a good entry level choice since it was under $2M, has minimal management requirements and is located in a Stater Bros anchored shopping center. Additionally, the ability to assume the existing loan reduced the buyer’s upfront financing costs.”
He added, “We experienced steady buyer interest throughout the marketing process and multiple offers underscoring the strong demand for retail properties in grocery anchored centers and especially in this price range.”
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 Real Estate Partners has completed over 1,650 lease and sales transactions valued at more than $1.8B in over 35 cities throughout the region. The firm uses the latest marketing and brokerage techniques to help retailers and property owners achieve their real estate goals.