AVD Land 2 LLC purchased the retail building at 4050 Phelan Rd. in Phelan, CA for $1.5 million, or about $116 per square foot, from Fontana Juniper LLC. Built in 1991, the strip center totals 12,960 square feet on an acre of land located at the northwest corner of Sheep Creek Rd. The asset was 89 percent occupied at the time of sale. Mehdi Mostaedi and Emelie Kwon of Coldwell Banker Commercial Real Estate Solutions represented the seller....
via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Phelan-Retail-Strip-Sold-for-$15M/153544?ref=/News/Article/Phelan-Retail-Strip-Sold-for-$15M/153544&src=rss
via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Phelan-Retail-Strip-Sold-for-$15M/153544?ref=/News/Article/Phelan-Retail-Strip-Sold-for-$15M/153544&src=rss
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