IE Business Daily Business news for the Inland Empire.
A 12,500-square-foot retail pad in Perris has been sold for $8.2 million.
The property at 1820 N. Perris Blvd. is fully occupied by multiple tenants, including Baskin Robbins, Fiesta Auto Insurance, Great Clips, Pacific Dental, Sally Beauty, and Verizon, according to Hanley Investment Group in Corona Del Mar.
Information about the buyer and seller was not disclosed. The sale was part of a break-up strategy.
The pad, which generated multiple officers, is next to a Walmart Supercenter. It is part of the Perris Marketplace, a shopping center that covers 218,000 square feet and is 99 percent occupied.
Nearly 120,000 residents live within a five-mile radius of the property, and the average household income in that area is $102,000 a year, according to Hanley Investment.
