Wednesday , March 3 2021

Former Food-4-Less changes hands

A Corona building formerly occupied by Food 4 Less has been sold.

The structure at 109 N. McKinley St. sold for $4.7 million, Progressive Real Estate Partners in Rancho Cucamonga announced in a statement Wednesday.

The buyer, Expert Hardwood Flooring, plans to use the 55,000-square-foot building as a wholesale distribution center for their commercial clients and a retail showroom.

Progressive marketed the property and represented the seller, a private investment group in Los Angeles. The buyer, who also wished to remain anonymous, was represented by Lee & Associates Ontario.

Built in 1989, the building at Magnolia and McKinley avenues is less than half a mile from the 91 Freeway. More than 40,000 vehicles pass through the intersection on a typical day, according to the statement.

“Ultimately, this was a perfect option for Expert Hardware Flooring to relocate and maintain their Inland Empire presence,” said Greg Bedell, Progressive’s vice president of investment sales, in the statement.

Check Also

Apartment complex fetches $5.4 million

A 32-unit apartment complex in Riverside has sold for $5.4 million. Located at Madison Street …

Leave a Reply

Your email address will not be published. Required fields are marked *