Progressive Real Estate, Newmark Broker $6.1 Sale of Bank of America-Occupied Property in Rancho Cucamonga

RANCHO CUCAMONGA, CALIF. — Progressive Real Estate Partners and Newmark have arranged the sale of a single-tenant retail building located at 8700 Baseline Road in Rancho Cucamonga. A private, Northern California-based investor acquired the property from WM Capital for $6.1 million.

Brad Umansky of Progressive Real Estate Partners and Glenn Rudy of Newmark represented the seller in the transaction.

Bank of America has occupied the 9,195-square-foot drive-thru property since 1976. The building is located within Country Village shopping center.