IE Business Daily Business news for the Inland Empire.
A multi-tenant retail center in Perris has been sold.
Shops at Ramona Expressway, a 9,800-square-foot project, was sold to a private investor in Monterey Park for $3.5 million, according to Progressive Real Estate Partners in Rancho Cucamonga
The seller was a Riverside-based investor who was represented by REeBroker Group.
Both parties asked to remain anonymous .
The amount paid for the building at 780 Ramona Expressway works out to roughly $352 per square foot.
Built in 2007, Shops at Ramona Expressway is less than one mile away from Interstate 215. It’s also next door to May Ranch, one of the largest master planed communities in that part of the Inland Empire, according to Progressive Real Estate Partners.
