REBusinessOnline

Progressive Real Estate Partners Brokers $2.3M Sale of Restaurant Asset in Inland Empire

501-E-Fifth-St-Beaumont-CA

Popeyes Louisiana Kitchen occupies the 2,250-square-foot restaurant building at 501 E. Fifth St. in Beaumont, Calif.

BEAUMONT, CALIF. — Progressive Real Estate Partners has facilitated the sale of a restaurant property, located at 501 E. Fifth St. in Beaumont. A private Riverside-based investor sold the property to San Jose-based private investor for $2.3 million, or $1,006 per square foot.

Built in 2008, the 2,250-square-foot building, which features a drive-thru, recently underwent a renovation. Popeyes Louisiana Kitchen occupies the single-tenant property.

Greg Bedell of Progressive Real Estate Partners represented the seller, while Cindy Hipwell of Hipwell Real Estate represented the buyer in the deal.

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