Argent Retail Advisors Executes $4.8M All-Money Sale of Former Centerpoint Drive Restaurant in Moreno Valley


Argent Retail Advisors, one of many premier retail actual property brokerage corporations in Southern California, has accomplished the sale of a single-tenant former Acapulco restaurant at 12569 Centerpoint Drive, Moreno Valley, California. The property, which was vacant on the time of the sale, offered for $4,833,833 ($644 psf) in an all-cash transaction. The constructing is prominently located simply off the 60 freeway on the busy intersection of Frederick St. and Sunnymead Blvd., one of many high intersections in Moreno Valley.

Terry Bortnick, President of Argent Retail Advisors, completely marketed the property and represented vendor, Brixton Alto Procuring Heart, LLC within the transaction.

Bortnick said, “This property obtained a number of gives and was in excessive demand from nationwide restaurant chains, as both a purchase order or lease. In the end the perfect deal for the vendor was to promote the vacant constructing on to the person at a report value.”

Contact:

Terry Bortnick, President Argent Retail Advisors 888-301-1888 x 2

Supply: Argent Retail Advisors