LOS ANGELES, September 17, 2018 – Cushman & Wakefield announced today that the firm has brokered the sale of Seley Plaza, a 159,324-square-foot (sf) neighborhood shopping center in San Bernardino, California.
Located just south of the 210 freeway at 2002-2383 E. Highland Ave., Seley Plaza is 91% occupied by 21 tenants, including 99 Cents Only, Rite Aid Pharmacy, Big 5 Sporting Goods, Dollar Tree, Chase Bank, Rent-A-Center, Western Dental, Del Taco, and Goodyear Tire.
Newman International, LLC, a private investor, acquired the asset for $20,030,000 at $125 per square foot. Cushman & Wakefield retail investment specialists Dixie Walker and Charley Simpson represented the seller, a joint venture comprised of Robhana Group and SAFCO Capital Corporation. Max Wang and John Griffin, also from Cushman & Wakefield, represented Newman International in the transaction.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value by putting ideas into action for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of $6.9 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.