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Net-Leased Investment Deal Brews in Rialto

The Coffee Bean & Tea Leaf Changes Hands for $1,700 Per Square Foot
July 31, 2018
JVC Investments LLC purchased the newly-constructed retail storefront at 1877 N. Riverside Ave. in Rialto, CA for almost $2.9 million, or about $1,693 per square foot, from Fountainhead Development.

The 1,710-square-foot, freestanding asset is fully occupied by The Coffee Bean & Tea Leaf. The building was completed this month on half an acre in the eastern San Bernardino County submarket after the seller broke ground on the project in March. It features a drive-thru and more than 300 linear feet of frontage at a hard corner with two curb cuts.

Bill Asher, Jeff Lefko and William Ito with Hanley Investment Group represented the seller. Ash Joshi of Capital Realty Solutions Inc. represented the buyer, a private investor in Chatsworth, CA.

For additional information on this transaction, please see CoStar COMPS #4348057.
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