Duong Retail Closes Inland Empire Record Sale

The company closed escrow on a retail center in Riverside, Calif., and a Black Bear Diner in Chino, Calif., for a total of $9.9 million, at a record cap rate.

Duong Retail Group closed escrow on two Inland Empire retail properties for a total of $9.9 million. A San Bernardino County-based private investor acquired the University Heights Shopping Center in Riverside, Calif., at a record-low cap rate of 5 percent.

The first Black Bear Diner to hit the market in the Inland Empire sold at a cap rate of 5.18 percent, one of the lowest cap rates for a Black Bear Diner…

Duong Retail Closes Inland Empire Record Sale

Categories : Finance

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