IE Business Daily Business news for the Inland Empire.
A Corona building leased to El Pollo Loco has been sold for $2.9 million.
The stand-alone structure, which covers 2,250 square feet at 610 N. Main St., was bought by a private investor who declined to be identified, according to Progressive Real Estate Partners in Rancho Cucamonga.
The seller also wished to remain anonymous. Progressive represented both parties in the transaction.
“The buyer was attracted to the property’s combination of long-term stability, strong real estate fundamentals, and passive ground lease structure,” said Paul Su, senior vice president of retail leasing and sales with Progressive, in a statement.
“They know Corona very well and recognized the strength of this location, including its visibility, density, and traffic counts.”
El Pollo Loco has occupied the building since it was built in 1986. It was renovated last year, according to the statement.
