(Irvine, CA, 04/02//2019) – Scott Hook, Senior Vice President of Investments, of Marcus & Millichap has arranged the sale of two large multi-tenant pads at Rialto Marketplace developed by Newmark Merrill Companies. The newly constructed 25,567-square-foot retail property is located at the southwest corner of Riverside Avenue and San Bernardino Avenue in Rialto, CA, two blocks north of the Interstate 10 freeway. Newmark Merrill Companies has been retained by one of the investors for management of the property, while also continuing to manage the common area for the Super Wal-Mart anchored center.
“Newly constructed national brand name multi-tenanted retail properties are in high demand throughout the nation” stated Hook. “New construction and long-term leases minimize management issues and tenant turnover, providing the investor a stable diversified income stream, while hedging against future inflation,” Hook added.