A living trust purchased the retail property at 770 Ramona Expy. in San Jacinto, CA for $2.25 million, or about $790 per square foot. The sale represents the buyer’s upleg in a 1031 exchange.
Built in 1993, the freestanding retail building totals 2,850 square feet on half an acre in Riverside County. The asset is currently occupied by Jack in the Box on an absolute, triple-net lease with approximately 16.5 years remaining on the master term.
via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-vi.costar.com/News/Article/San-Jacinto-Retail-Trades-for-$23M/149487?ref=/News/Article/San-Jacinto-Retail-Trades-for-$23M/149487&src=rss