Moreno Valley, Calif. — A 40,000-square-foot Sports Authority store has traded for $7.85 million.
Moreno Valley, Calif. — Faris Lee Investments has brokered the sale of a 40,000-square-foot retail property occupied by Sports Authority in Moreno Valley. The property was built in 2009 and sits on 3.35 acres along DayStreet in the TownGate Crossing retail center, near the intersection of the 60 and 215 freeways. Dennis Vaccaro and Donald MacLellan of Faris Lee represented the seller, Newport Beach, Calif.-based Gateway Company, L.C. The buyer was Day Moreno Valley LLC, a China-based investor, who paid all-cash and was represented by a Michigan-based advisor. The property closed in 28 days.