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Monday, December 13, 2010

Just Sold

8975 Rochester Ave., Rancho Cucamonga, CA

This property featured a +/- 5,500 square foot metal building on a+/- 1.78 Acre total lot area. I represented the seller. The sale price was $1,410,000.00

This was a unique transaction in that it included an income producing easement lease from Lamar Sign Company. (The property fronts the 15 freeway and has a new 50 year lease in place with a new digital billboard.) The buyers paid extra to have the lease included.

The buyers will use the property as a recycling facility. They had to obtain a special use permit from the City, which took some work, but which they were finally able to obatin.

Special thanks to Alex Garcia of Marcus & Millichap who represented the Buyer.