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Retail Building Sells

Hesperia Retail Building Sells

A retail building that houses national and regional tenants has been sold.

The property, which is part of the Hesperia Marketplace Shopping Center at Main Street and Escondido Avenue, sold recently for $8.5 million, according to Hanley Investment Group Real Estate Advisors in Corona Del Mar.

Pacific Development Group in Newport Beach, the seller, and the buyer, SHA Enterprises in Irvine, were both represented by Hanley Investment.

The building, which is fully leased, covers nearly 14,000 square feet and is near a Walmart Supercenter at 13325 Main St.

Built in 2015, its tenants include Pieology Pizzeria, The Habit Burger Grill, Firehouse Subs, Petco and Metro PCS, according to Hanley Investment.

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