August 17, 2016
Colliers International negotiated the $32-million sale of Chino Town Center in Chino, CA. Anchored by CVS Drugs, Chase Bank, and a 24-Hour Fitness Sport Club, the 117,419-square-foot complex is nearly fully occupied.
Colliers’ retail investment specialists Michelle Schierberl, Donald Ellis and Mark McEwen represented both parties of the transaction. The selling entity was a tenant-in-common group known as SCI Chino Fund LLC. The buyer was Chino Central Group LLC.
Schierberl says Chino Town Center “provides the investor with a very solid and diversified income stream generated by credit tenants, its location along one of the busiest major boulevards in the city, and its potential to be divided into multiple parcels that can then be marketed and sold separately.”
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