IE Business Daily Business news for the Inland Empire.
A recently remodeled restaurant in Moreno Valley has been sold for $1.6 million.
Carnitas al Estilo Michoacan will open its second location in the free-standing structure at 23040 Alessandro Blvd., according to a statement released by Progressive Real Estate Partners in Rancho Cucamonga.
Progressive Real Estate helped negotiate the sale of the building. Details about the transaction were not released.
Carnitas al Estilo Michoacan, which opened its first restaurant in Ontario in 2013, plans to move into the Moreno Valley site this spring.
The building includes an extra-large kitchen with two walk-in coolers, large dining areas, a bar, and an outdoor patio. It’s at Alessandro Boulevard and Frederick Street, an intersection that accommodates nearly 40,000 vehicles a day, according to the statement.
