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Colton Retail Sells for $3.6M

Outdoor Food Court LLC purchased the retail building at 1175 S. Mt. Vernon Ave. in Colton, CA for $3.6 million, or about $35 per square foot. The buyer plans to reconfigure the former Kmart store to become a multi-tenant retail building.

Built in 1991, the property totals 104,231 square feet on 8.6 acres located in the Cooley Ranch area off the 215 Freeway, just south of the 10 Freeway and across the street from Wal-Mart.

Jorge Yamzon and…

via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Colton-Retail-Sells-for-$36M/154414?ref=/News/Article/Colton-Retail-Sells-for-$36M/154414&src=rss

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