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SAN BERNARDINO, CALIF. — Presidio Property Trust has completed the sale of World Plaza, a multi-tenant retail property in San Bernardino. A Los Angeles-based private investor acquired the asset for $10 million.
Located at 1535 E. Highland Ave., World Plaza features 55,810 square feet of retail space. The property was remodeled in 2018 to accommodate a 36,000-square-foot Chuze Fitness and was 100 percent leased at the time of sale.
Matt Burnett of Hanley Investment Group represented the seller, while Brian Heron of Modesto-based Commercial Retail Associates represented the buyer in the transaction.