IE Business Daily Business news for the Inland Empire.
Capital Income Properties Group of Riverside has completed the sale of an out-of-state fast-food restaurant.
The boutique commercial real estate firm represented the seller of a Taco Bell franchise building in Windsor, Colo., according to a statement.
The closing price was $2 million. The transaction was completed last month.
“Our Mission is to help our clients create superior real estate project returns with reliable, stable cash flow and we were glad to help this client sell their property,” said Phil Bensinger, Capital Income president, in the statement. “The owner of the building was a long-term client who we represented on the acquisition of the property previously. This is the third Taco Bell franchise location they had purchased with CIPG.”
Names of the buyer and seller were not released.
