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Progressive Real Estate Partners Brokers $2.6M Sale of Retail Building in Inland Empire

Rancherias-Plaza-Apple-Valley-CA

CVS/pharmacy and 99 Cents Only are anchor tenants at Rancherias Plaza in Apple Valley, Calif.

APPLE VALLEY, CALIF. — Progressive Real Estate Partners has arranged the sale of a multi-tenant retail building at Rancherias Plaza, located at 20162 Highway 18 in Apple Valley. A private Los Angeles-based investor sold the property to a private San Diego-based investor for $2.6 million.

Built in 1991, the asset features 15,105 square feet of retail space. At the time of sale, the shopping center was 92 percent occupied. CVS/pharmacy and 99 Cents Only Stores anchor the property.

Greg Bedell and Chris Lindholm of Progressive Real Estate Partners represented the seller in the transaction.

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