IE Business Daily Business news for the Inland Empire.
A free-standing building in Lake Elsinore occupied by a Del Taco restaurant has been sold, according to statement.
The 1,553-square-foot structure at 16810 Lakeshore Drive sold for $3.05 million, one of the highest price ever paid for a fast-food location in the Inland Empire, Dallas-based SRS Real Estate Partners, which deals exclusively in retail properties announced.
SRS Real Estate represented the seller, a partnership whose name wasn’t released. Itule Real Estate Group in Westlake Village represented the buyer, who was also anonymous.
The Del Taco restaurant is near a shopping center anchored by Albertsons and next door to another shopping center anchored by a Stater Bros.
More than 70,000 people with an average annual household income of $72,000 live within a five-mile radius of the property, and an estimated 19,000 vehicles pass by the site every day, according to the statement.
