X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SAN DIEGO-A local investor has purchased a multi-tenant office building in the San Bernardino County city of Rancho Cucamonga.

The Melvin D. Ricks Family Limited Partnership, a San Diego-based investor, bought the 21,212-sf building, according to Grubb & Ellis Co. The transaction was valued at $2.35 million.

The building, which is located at 7974 Haven Ave., was 100% leased at the time of sale. The property was sold by Rancho Pacifica Plaza LLC of Rancho Cucamonga.

Greg Martin of Grubb & Ellis’ Ontario office represented the seller in the transaction. Dean Bloomquist of Delta Commercial represented the buyer.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.