X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CHINO, CA-A grocery-anchored retail complex in Chino has traded hands in a deal valued at $7.4 million.

The neighborhood complex, known as Mountain Village Plaza, is located at 12801-12887 Mountain Ave. Anchored by Ralphs grocery store, the property was 95% occupied at the time of sale. It encompasses approximately 100,000 sf, according to Alan Krueger of Marcus & Millichap Real Estate Investment Brokerage Co. who worked on the transaction. Mountain Village Plaza is located “in an area that is in growth,” Krueger tells GlobeSt.com, explaining that a lot of new housing is being built in the region, which is “what the buyer wants long-term.”

An entity known simply as Dermot Mountain acquired the property from Prince Mountain Village Properties. Krueger and Douglas Froehlke of Marcus & Millichap’s Ontario office brokered the transaction. According to Krueger, it was a five-month period from the time the property was listed until escrow closed.

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
  • 1 free article* every 30 days across the ALM subscription network
  • 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 © 2021 ALM Media Properties, LLC. All Rights Reserved.