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SRS Real Estate Partners Negotiates $6.2M Sale of Two Retail Properties in Chino, California

12005-Central-Ave-Chino-CA

Carl’s Jr. occupies the 3,794-square-foot restaurant building at 12005 Central Ave. in Chino, Calif.

CHINO, CALIF. — SRS Real Estate Partners has arranged the sales of two single-tenant retail buildings that are outparcels to Country Fair Shopping Center, a 168,000-square-foot shopping center in Chino. Separate California-based private investors acquired the assets from a Southern California-based private investor for a total of $6.2 million.

Quick-service-restaurants Wienerschnitzel and Carl’s Jr. occupy the two buildings.

Built in 1976 at 11901 Central Ave., the 1,600-square-foot, Wienerschnitzel-occupied building sold for $2.4 million. The tenant has approximately seven years remaining on its corporate lease.

Constructed in 2016 at 12005 Central Ave., the 3,796-square-foot, Carl’s Jr.-occupied property sold for $3.7 million. The tenant has about 12 years remaining on its corporate lease.

Matthew Mousavi and Patrick Luther of SRS National Net Lease Group represented the seller in the transactions.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
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‣ Walker & Dunlop

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