Progressive Real Estate Partners closed the $2.45-million sale of a free-standing, single-tenant 2,230-square-foot drive-thru vacant restaurant building located at 4330 Green River Rd. in Corona. The buyer, a private investor, will open a new Troy’s Burgers restaurant in the coming months.
SVP Paul Galmarini of Progressive Real Estate Partners represented the seller, a private investor. The buyer was represented by Adrian Trejo of Commercial Life.
The transaction was structured with seller carry financing, enabling the buyer to acquire the property with a lower initial equity requirement while securing a predictable income stream for the seller. The structure provided the seller with ongoing cash flow and optionality, including the ability to monetize the note in the future if desired…