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Avison Young Brokers $4.7 Million Sale of Newly Built Single-Tenant Retail Property Occupied by Starbucks in Ontario, CAOctober 28, 2021
Los Angeles, CA – Avison Young announced today it has brokered the $4.7 million sale of a 2,430 square-foot (sf) single-tenant retail property occupied by Starbucks at 511 N Euclid Avenue in Ontario, CA.
Avison Young Principals Chris Maling and David Maling, who are based in the company’s downtown Los Angeles office, represented the buyer, Truman Johnson, Inc. The seller, a California-based private investor, was represented by JLL.
Built in 2021, the property is well-located on Euclid Avenue in a major retail corridor with traffic counts of more than 35,000 vehicles per day.
“Our buyer client was pleased to acquire this newly built Starbucks property within a prime Inland Empire retail corridor,” said Chris Maling. “This property offers a 10-year triple net lease with scheduled rental increases and minimal landlord responsibilities.”
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For more information:
- Chris Maling, Avison Young +1 213 618 3824
- David Maling, Avison Young +1 213 618 3825