IE Business Daily Business news for the Inland Empire.
An 8,100-square-foot retail building in Ontario has been sold for $3.5 million.
The building at 1535 E. Ontario Ave. was sold by a Los Angeles-based investor who declined to be identified, according to Progressive Real Estate Partners in Rancho Cucamonga.
A San Bernardino County-based investor who also wished to remain anonymous bought the building.
The retail building is 100 percent leased to four local tenants, including a desirable drive-thru end-cap configuration occupied by Sombrero Mexican Restaurant.
About 165,500 vehicle pass by the site on Interstate 15 during a typical day. The average household income is $156,900 within a one-mile radius of the property, and approximately $139,000 within five miles, according to Progressive.
