Retail site fetches $3.2 million

A retail pad in Beaumont occupied by a Sherwin-Williams paint store has been sold for $3.2 million.

The 4,000-square-foot property is at 1495 East 2nd Street next to San Gorgonio Village, a 78,000-square-foot shopping center, according to Woods Development Co., the project’s developer and now the former owner.

Information about the buyer was not disclosed.

Sherwin-Williams began operating out of the East 2nd Street location last November and has a 10-year lease on the property.;

Nearby retailers include Grocery Outlet, ULTA Beauty, Bath & Body Works, Planet Fitness, Raising Cane’s, and In-N-Out Burger.

Hanley Investment Group Real Estate Advisors in Corona Del Mar represented Woods Development, which is based in Newport Beach.