IE Business Daily Business news for the Inland Empire.
Four retail properties in San Bernardino have been sold for $7 million.
The parcels, all independent of each other, are within 2505-2575 Highland Ave. and are leased to IHOP, Wienerschnitzel, Taco Bell and a 76 station, according to Progressive Real Estate Partners in Rancho Cucamonga.
A 1.5-acre parcel that can be used for future development was included in the sale.
Progressive represented seller of the portfolio, whose name was not released. The buyer, who was represented by Realiv, a real estate brokerage in Arcadia, also wished to remain anonymous.
All four properties are next to the Foothill Freeway and are visible to more than 100,000 vehicles on typical day. They also share a freeway exit with the Yaamava Resort & Casino and the San Bernardino Soccer Complex.
