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SAN BERNARDINO, CA-A San Diego-based private investor has gobbled up a recently completed retail asset in San Bernardino in a deal valued at $1.3 million.

The facility, which has been constructed as a build-to-suit for the Jack in the Box fast-food chain, stands on a 28,095-sf parcel located at the corner of Tippecanoe and Coulston in San Bernardino. Jack in the Box holds a 20-year ground-lease to occupy the 2,363-sf facility.

Seller Fountainhead Delta LP, in care of Craig Smith, was represented by Nick Coo of Faris Lee Investments in the recent transaction. Jon Busse of Colliers International acted on behalf of the buyer, Gregg Sindici.

The San Bernardino property marks the latest Inland Empire asset that Sindici has tucked into his portfolio, as he is an active investor in the area. He also recently purchased a 60,527-sf portion of the Town CenterSquare Power Center, which is located at 110270-11090 Foothill Blvd. in Rancho Cucamonga. That transaction was worth more than $12.8 million.

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