A 44-unit apartment complex leased to Section 8 tenants in San Bernardino has sold for $7 million, or about $159,000 per unit. according to CBRE.
The brokerage said the Arrowhead Apartments complex was previously rented under a contract with the county under the Housing Choice Voucher program.
“The county walked out of the contract and the buyer purchased the property with 100% Section 8 tenants,” CBRE’s Cray Carlson said. “There is a huge need for affordable apartments in San Bernardino, and the buyer plans to keep it in low-income housing.”
The buyer and seller have not been identified by CBRE.
The resort at 3943 NH St. is all one-bedroom, one-bathroom units. It was built in 1973 and had a complete renovation in 2014 and early 2015 including exterior paint, new carports and interior unit features.
JV warehouse leased to expanding Cary Co.
A 139,000 square foot industrial building at 10220 San Sevaine Way in the Jurupa Valley has been leased for 120 months by The Cary Co., according to Avison Young.
The company, which manufactures containers, warehouse supplies, spill control products and filtration solutions, will expand its manufacturing operations this spring at the facility, moving from a smaller 30,000 location. square feet, also in the Jurupa Valley.
Terms of the lease were not disclosed by the brokerage, which represented the owner, San Diego-based Stos Partners.
Cary Co., based in Addison, Illinois, was represented by John Boyer of NAI Capital.
Seminar moves to Claremont RC
After 11 years in Claremont, Wagner University, an online seminary school, moved to Rancho Cucamonga after partnering with Shiloh University.
The Protestant seminary school said it moved, converting a house into offices at 6718 Etiwanda Ave., hoping its presence would attract new nonprofits and businesses ‘making a difference locally. and global”.
“We are an online seminary with a global presence, so although our students do not come to Rancho Cucamunga daily, all of our operations are located locally here and we really enjoy being part of the Rancho Cucamonga community,” said Wagner Vice. Chancellor Benny Yang.
The school was established in 1998, initially based in Colorado, followed by a move to Claremont in 2010.
A representative from Wagner University said the office’s 10 staff members have all been transferred to Rancho Cucamonga.
Boot camp gym reopens with new owners
The indoor Fit Body Boot Camp has reopened in Norco under new ownership.
The gym is owned and operated by friends Camille Ricupito and Maricela Castro who met at a Fit Body boot camp in Corona and decided to reopen the Norco location.
For more information, go to fitbodybootcamp.com/12275-norco-ca/ or call 951-703-3913.
The gym is located at 3230 Hamner Ave. #404
Opening of a dental practice in Menifee
Western Dental & Orthodontics opened in Menifee, part of an expansion that has added 55 new offices in recent months across five states.
Services include general dentistry, orthodontics, oral surgery, dental implants and oral hygiene.
In addition to privately insured patients, the company treats adults and children through the Medi-Cal Dental program known as Denti-Cal.
Address: 27291 Newport Road
Fresh juice, bowls in Palmdale
Juice it! opened at the Tierra Subida Center in Palmdale.
The franchise operated by brothers Moe and Sam Abukamleh sells smoothies, an acai bowl and raw juice.
Address: 38709 Tierra Subida Avenue; phone: 661-724-8064.
A new gas station is coming to Hemet
According to Progressive Real Estate Partners, a 3.32-acre parcel in Hemet sold for $1,735,000 and will be developed into a gas station, car wash and drive-thru restaurant.
A timeline for the new venture at the northeast corner of Florida Avenue and Soboba Avenue was not provided.
The buyer was Sater Hemer LLC, which has developed other gas station properties in the area, according to Progressive.
SB Housing Authority Gets HUD Grant
The San Bernardino County Housing Authority’s Family Self-Sufficiency Program received $338,091, according to Sen. Pete Aguilar’s office.
The grant from the Department of Housing and Urban Development will provide local families with the resources to become homeowners and work on career development and higher education goals.
The grant will support three HACSB specialists who will work with individuals and families participating in the agency’s FSS program, according to George Silva, FSS program manager.
The goal of the program is to help families learn how to increase their income and reduce or eliminate the need for government assistance. Silva said four families graduated from the FSS program in 2021, with an average savings balance of $12,000.
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