Hesperia, Calif. – The building is within the Midtown Square Shopping Center, also anchored by a recently opened Stater Bros. and Orchard Supply Hardware.
Brad Umansky and Frank Vora of Progressive Real Estate Partners marketed the property and represented the seller, The Burokas Family Trust, in the disposition of a single-tenant retail building in Midtown Square Shopping Center in Hesperia, Calif.Hesperia, Calif. – Progressive Real Estate Partners has brokered the sale of a 66,389-square-foot retail building in Hesperia, California, in the Inland Empire region. Kmart occupies the single-tenant building, which was sold in an all-cash transaction for $5.25 million. The building is within the Midtown Square Shopping Center, which is also anchored by a recently opened Stater Bros. and Orchard Supply Hardware. Brad Umansky and Frank Vora of Progressive Real Estate Partners marketed the property and represented the seller, The Burokas Family Trust. David Chasin of Pegasus Investments represented the buyer, a private California-based real estate investment company. Midtown Square Shopping Center was built in 1987.
— Scott Reid