Hanley Investment Group Brokers $4.9M Sale of Retail Building in Fontana, California
FONTANA, CALIF. — Hanley Investment Group Real Estate Advisors has brokered the sale of a newly constructed, multi-tenant retail building, located at 16914 S. Highland Ave. in Fontana. Adler Realty, a Woodland Hills, Calif.-based developer, sold the asset to a Sun Valley, Calif.-based private investor for $4.9 million.
The 7,500-square-foot property consists of three tenants: a Pacific Dental Services-branded dental office, Arrowhead Credit Union and MJ Nail & Spa.
The building is located adjacent to Highland Village Shopping Center, a 30,000-square-foot retail center that was completed in 2019. Tenants at Highland Village include Sprouts Farmers Market, Jack in the Box, Raising Cane’s Chicken Fingers, Jersey Mike’s Subs, Café Rio, Oggi’s Restaurant and Mountain View Tire & Auto Service.
Kevin Fryman, Bill Asher and Jeff Lefko of Hanley Investment Group represented the seller, while Matt Burnett, also of Hanley Investment Group, represented the buyer in the deal.