January 15, 2020 Comments Off on Yucaipa Restaurant Retail Trades for $8 Million Views: 864 California News, Inland Empire

Yucaipa Restaurant Retail Trades for $8 Million

Order Reprints...

Hanley Investment Group has completed the sale of a two-tenant retail site occupied by In-N-Out Burger and Corky’s Kitchen & Bakery in Yucaipa, CA in San Bernardino County. The two freestanding buildings were acquired for $8 million, representing a cap rate of 4.11% and $956 per square foot.

Hanley ’s Bill Asher, Ed Hanley and Jeff Lefko, represented the seller, VantageOne Real Estate Investments, LLC of Newport Beach, CA in the transaction. The buyer, a private investor from Los Angeles, was represented by Edward Weng of TFS Properties in San Marino, CA.

Built in 2016, the In-N-Out Burger and Corky’s Kitchen & Bakery property is located on 2.21 acres at the Interstate 10 freeway Yucaipa Boulevard off-ramp at 31465 and 31467 Avenue E in Yucaipa. The 4,500-square-foot Corky’s, which is open 24 hours a day, also has a long-term lease with renewal options and fixed increases.

Connect Retail West is coming to Newport Coast, CA on Feb. 13. For more information, or to register, click here.

Connect With Hanley Investment Group


Get CRE News in 150 words

For comments, questions or concerns, please contact Chris Egger

Tags: , , , ,

Comments are closed.