REBusinessOnline

Progressive Real Estate Negotiates $4.6M Sale of Retail Building in the Inland Empire

14273-Baseline-Ave-Fontana-CA

Tutor Time Learning Center occupies the 10,492-square-foot single-tenant building at 14273 Baseline Ave. in Fontana, Calif.

FONTANA, CALIF. — Progressive Real Estate Partners has arranged the sale a retail property, located at 14273 Baseline Ave. in Fontana. A San Diego-based private investor sold the property to a Los Angeles-based private investor for $4.6 million in an all-cash 1031 exchange.

Frank Vora of Progressive Real Estate Partners represented the seller, while Chris Wen of Walton Realty represented the buyer in the deal.

Tutor Time Learning Center occupies the 10,492-square-foot building, which was built in 2003. The childcare center caters to children six weeks to 12 years of age and offers a variety of programs for infants, toddlers, pre-school, and before- and after-school care. The property is adjacent to Heritage Village, a 110,000-square-foot neighborhood center anchored by Vons, U.S. Bank, Fitness 19, Panda Express and Wendy’s.

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