The facility, which has been constructed as a build-to-suit for the Jack in the Box fast-food chain, stands on a 28,095-sf parcel located at the corner of Tippecanoe and Coulston in San Bernardino. Jack in the Box holds a 20-year ground-lease to occupy the 2,363-sf facility.
Seller Fountainhead Delta LP, in care of Craig Smith, was represented by Nick Coo of Faris Lee Investments in the recent transaction. Jon Busse of Colliers International acted on behalf of the buyer, Gregg Sindici.
The San Bernardino property marks the latest Inland Empire asset that Sindici has tucked into his portfolio, as he is an active investor in the area. He also recently purchased a 60,527-sf portion of the Town CenterSquare Power Center, which is located at 110270-11090 Foothill Blvd. in Rancho Cucamonga. That transaction was worth more than $12.8 million.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
