Private Investor Adds ARCO Gas Station and C-Store to Portfolio

Progressive Real Estate Partners closed the $7,950,000 sale of an ARCO Gas Station and AM/PM Convenience Store at 15333 Rancherias Rd. in Apple Valley. The purchase included both the business and the real estate.

Victor Buendia, SVP of gas station and car wash sales of Progressive Real Estate Partners represented both parties. The seller and repeat client was an Inland Empire-based private investor. The buyer, also an Inland Empire based private investor, owns other ARCO gas stations in the region.

Built in 1998, the well-established ARCO station features six recently replaced dispensers with 16 fueling positions. The sale also included a 2,737-square-foot AM/PM convenience store that has recently been refreshed with updated equipment and increased inventory. Customers can purchase a variety of grocery items including snacks, to-go fresh food and beverages including beer and wine, according to Porgressive Real Estate.

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Progressive Real Estate's Buendia

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 GlobeSt.com 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).

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