IE Business Daily Business news for the Inland Empire.
Eagle Plaza, a retail center in Hesperia, has sold for $5.4 million.
The 40,000-square-foot property at 15776 Main St. was sold by a local private investor whose name was not released, CBRE announced Monday.
CBRE represented the seller. Information about the buyer was not disclosed.
Tenants include a donut shop, laundromat, and a sandwich store, all of which have occupied the shopping center since it opened in 1989. The remaining two tenants are government-funded school district facilities.
Eleven offers were made on the property. All of its tenants stayed open and paid full rent during the past year’s pandemic, which made the property more attractive and the transaction easier, according to CBRE.
About 33,000 vehicles pass by the site every day. More than 140,000 people live within a five-mile radius of the site, with an average household income of approximately $70,000, according to CBRE.
