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Beaumont Rite Aid Trades for $5.3 Million

Investor Acquires Net Leased Retail Asset
This freestanding drugstore sits on 1.4 acres in the Beaumont/Hemet submarket of the Inland Empire. (CoStar)
This freestanding drugstore sits on 1.4 acres in the Beaumont/Hemet submarket of the Inland Empire. (CoStar)
By Luis Armendariz
CoStar Research
February 7, 2020 | 10:08 P.M.

A private investor purchased the retail property at 1660 E. 1st St. in Beaumont, California, for nearly $5.38 million, or about $368 per square foot, from Rich Development Enterprises.

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