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San Bernardino, Calif. — SRS Real Estate Partners has arranged the sale of a newly constructed, single-tenant retail property located in San Bernardino.
A local private 1031 exchange buyer purchased the property from an Orange County, Calif.-based real estate investment and development firm for $5.3 million. Starbucks Coffee occupies the 3,000-square-foot drive-thru property , which was built in 2017. Michael Walseth of SRS represented the seller, while Chris Nikchevich of TNG Real Estate Services represented the buyer in the deal.