Rancho Cucamonga, CA – November 10, 2021 – Progressive Real Estate Partners brokers Chris Lindholm, Investment Sales and Land Specialist and Mike Lin, VP of Investment Sales represented both parties in the sale of a 1.19 acre commercial land parcel for $1,050,000 in an all cash transaction. The land is located less than 1/8 mile off the heavily traveled SR-60 freeway at 23125 Sunnymead Boulevard in Moreno Valley, California. The buyer, Los Angeles-based Seagrove Property Group, plans to develop a retail oriented project on the site although neither a timeline or specific plans have been released yet.
Located on a main thoroughfare with four points of egress and over 380’ of prime street frontage, the site has excellent visibility on Sunnymead Boulevard with average traffic counts of over 22,000 cars per day. The property is directly across from the La Quinta Inn and Travel Inn hotels and is also in close proximity to several shopping centers featuring a variety of national and regional retailers including Burlington, Big 5, Superior Grocers, Family Dollar, Office Depot, Ross, TJ Maxx and others.
To learn more information about this transaction and other retail land, investment sales and leasing opportunities in SoCal’s Inland Empire you can reach Chris at 951.965.9021 | chris@progressiverep.com OR Mike at 949.209.9696 | mike@progressiverep.com.
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.