Colliers has arranged the $21 million sale of Moreno Beach Plaza II, an 82,000-square-foot shopping center along the 60 Freeway in Moreno Valley, CA. The property is 96% leased to several prominent tenants, including LA Fitness, Autozone and Panda Express.
Collier’s El Warner, Charley Simpson, Caitlin Zirpolo and Jordan Gomez represented the seller, a West Coast investment firm. The center features three single-tenant parcels, a multi-tenant pad building and a two-tenant anchor building situated on nine acres.
“Moreno Beach Plaza presented an attractive investment opportunity in one of the fastest-growing cities in Southern California,” said Warner in a news release. “With continued population gains and a surging employment base in the Inland Empire, investors are highly motivated to acquire quality retail properties with significant upside.”
Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.