The Blau Journal recently published this article about the sale of the Montclair Shoppes in Southern California:
CBRE Group, Inc. announced the sale of the Montclair Shoppes in Southern California for $15.5 million to a local investor, signaling the increasing demand for income-producing real estate in population growth areas.
The property is highly visible from Central Avenue and is located next to or across from the Montclair Plaza, Costco, Target, and Stater Bros., providing a strong retail base. Traffic counts on the 10 Freeway at Central Avenue are estimated at 253,000 vehicles per day, and on Central Avenue at the 10 Freeway at 37,174 vehicles per day.
Read the full article: Click here.