TWO SOUTHERN CALIFORNIA RETAIL PROPERTIES FETCH $8.25M

WALNUT AND RANCHO CUCAMONGA, CALIF. — Faris Lee Investments has completed the sales of two retail properties occupied by Tutor Time, a subsidiary of A.B.C. Learning Centers Limited. In Walnut, a Redwood City, Calif.-based private investor acquired a 10,500-square-foot property, which is located at 21639 E. Valley Blvd., for $4.15 million. August Wen of Century 21 represented the buyer; Jeff Conover of Faris Lee Investments represented the seller, Glendale, Calif.-based Walnut Preschool LP, in the transaction. In Rancho Cucamonga, Los Angeles-based Beccaria Partners has purchased a 10,500-square-foot property for $4.1 million. Glendale, Calif.-based Alta Loma Preschool LP sold the property, which is located at 10420 Alta Loma Dr. Clark Everitt of Investment Real Estate Associates represented the buyer; Conover represented the seller. Both properties are long-term leased to Tutor Time.