Thursday , June 1 2023
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Real Estate

Car wash leases parcel near Mills

A self-service car wash has leased a 30,000 square-foot parcel near Ontario Mills. Fast5Xpress will set up shop on the property near the junction of Interstates 10 and 15, according to Progressive Real Estate Partners in a statement. Evergreen Devco in Glendale is the property owner. Financial details of the …

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Perris commercial pad sells for $1.3 million

Progressive Real Estate Partners has negotiated the sale of a 1.2-acre commercial pad in Perris. The property, in the Ramona Marketplace at Ramona Expressway and Brennan Avenue, sold for $1.3 million, according to a statement posted on Progressive’s website. The parcel, designed for a drive-thru tenant, is the last property …

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State housing market improves

California’s housing market continued to improve in August, as sales of single-family homes reached their highest point in more than 10 years. Existing, single-family home sales were 465,400 in August, up 6.3 percent from July and up 14.6 percent from August 2019, according to the California Association of Realtor’s monthly …

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Starbucks property in Lake Elsinore is sold

A Starbucks drive-thru in Lake Elsinore has sold for $3.8 million. Pacific Capital, a financial advisor with offices in Corona and Newport Beach, was the seller, according to a statement. The buyer was a West Covina-based investor whose name was not released.  Hanley Investment Group represented the seller. The buyer …

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OC company buys 99 Cents Only store

An Orange County commercial real estate company has bought a building in Chino Hills occupied by 99 Cents Only. The structure, in the Chino Hills Parkway shopping center, covers 28,240 square feet on nearly three acres, according to a statement. Wood Investment Cos. Inc. in Costa Mesa bought the building …

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Fast-food building sold for record price

A building in Temecula occupied by Raising Cane’s Chicken Fingers has sold for $6.8 million. That is the most ever paid for a property leased by the Baton Rouge, La. -based chain – $1,728 per square foot – according to a statement released by SRS Real Estate Partners’ National Net …

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