{"id":1004134647,"date":"2016-01-13T09:36:18","date_gmt":"2016-01-13T17:36:18","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004134647"},"modified":"2020-05-13T02:08:35","modified_gmt":"2020-05-13T10:08:35","slug":"inland-empire-retail-center-fetches-15m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/inland-empire-retail-center-fetches-15m\/","title":{"rendered":"Inland Empire Retail Center Fetches $15M"},"content":{"rendered":"<p><em>By Ioana Neamt, Associate Editor<\/em><\/p>\n<div id=\"attachment_1004134648\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/cucamonga.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004134648\" data-attachment-id=\"1004134648\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/inland-empire-retail-center-fetches-15m\/cucamonga\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/cucamonga.jpg\" data-orig-size=\"800,648\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"cucamonga\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/cucamonga.jpg?w=800\" class=\"wp-image-1004134648 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/cucamonga.jpg\" alt=\"Day Creek Village\" width=\"300\" height=\"243\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/cucamonga.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/cucamonga.jpg?resize=300,243 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/cucamonga.jpg?resize=768,622 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004134648\" class=\"wp-caption-text\">Day Creek Village<\/p><\/div>\n<p><strong>Rancho Cucamonga, Calif.<\/strong>\u2014A 25,002-square-foot neighborhood retail center has changed hands in San Bernardino County with the help of <a href=\"https:\/\/www.hfflp.com\/\" rel=\"nofollow\" target=\"_blank\">HFF<\/a>.<\/p>\n<p>Working on behalf of seller Day Creek Village LLC, an HFF investment sales team led by CJ Osbrink and Gleb Lvovich closed the $15.8 million sale of Day Creek Village, a retail center located at 12223-12273 Highland Ave. in Rancho Cucamonga, Calif. <a href=\"https:\/\/www.passco.com\/\" rel=\"nofollow\" target=\"_blank\">Passco Cos. LLC<\/a> of Irvine, Calif. acquired the property.<\/p>\n<p>\u201cThis property is a strong addition to our portfolio based on its excellent tenant mix and local demographics,\u201d Bob Peterson, vice president of retail acquisitions for Passco Cos., said in a statement. \u201cWe continue to seek stabilized retail assets in growing markets with the potential for strong performance over time.\u201d<\/p>\n<p>Located at the intersection of Highland Avenue and Day Creek Boulevard in the Inland Empire-area community of Rancho Cucamonga, the Day Creek Village retail center was 100 percent occupied at the time of sale. Shadow-anchored by a Ralph Fresh Fare grocery store, the center is home to 14 tenants, including Starbucks, Wells Fargo, Supercuts and Orange Theory Fitness.<\/p>\n<p>Day Creek Village offers immediate access to the Foothill Freeway, and is conveniently positioned in a community which has a median household income 47 percent higher than the Inland Empire as a whole. The average household income in the one-mile radius of the retail center is $111,000.<\/p>\n<p><em>Image courtesy of <a href=\"https:\/\/peninsularetailpartners.com\/\" rel=\"nofollow\" target=\"_blank\">Peninsula Retail Partners<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>HFF recently closed the $15.8 million sale of Day Creek Village, a neighborhood retail center in Rancho Cucamonga, Calif.<\/p>\n","protected":false},"author":192,"featured_media":1004134648,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,1594,21742,21749,15],"tags":[],"class_list":["post-1004134647","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-los-angeles","category-latest","category-retail","category-west"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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