IE Business Daily Business news for the Inland Empire.
The future site of a 7-11 convenience store and service station in Fontana has been sold.
Hanley Investment Group, a national real estate brokerage firm that specializes in retail properties, arranged the sale for $2.3 million, according to a statement.
Hanley Investment represented the seller, The KCS Co. in Costa Mesa. The buyer, a Santa Ana-based private partnership whose name was not released, was represented by the Darvishian Investment Group, also in Costa Mesa.
The 1.2 acre property is at Jurupa and Citrus avenues, a signaled intersection used by approximately 38,000 vehicles on a typical day. It’s near several distribution centers, including Walmart, UPS and Black and Decker.
It is also near Jurupa Hills, Citrus and Henry J. Kaiser high schools. Nearly 293,000 residents and more than 76,000 employees live within a five-mile radius of the property, according to the statement.
The site will be occupied by a 7-11 and service station later this year. An exact opening date was not released.
