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California  + Inland Empire  + Retail  | 

Newly Build Panera Bread Sells in All-Cash Deal

Beta Agency arranged the sale of a newly built Panera Bread, located at 18663 Bear Valley Rd. in Hesperia,. Founding partner Richard Rizika and SVP Adam Friedlander represented the seller and sourced the buyer, a local investor. The all-cash transaction was valued at $4,150,000 in a 1031 exchange.

The Panera store is strategically located at the entrance to Mojave Plaza, a new shopping center developed by Rich Development Company. Mojave Plaza is anchored by Aldi, Auto Zone and Planet Fitness

Beta cited the 15-year lease through Panera Bread, providing stability and long-term returns for the investor. The property sold at a 5.05% cap rate.


Inside The Story

Beta Agency

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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