Intersection Equities and Blue Vista, together BVIE Riverside Park Owner, LLC (“Owner”), announce the successful partial sale of a 3,000 SF retail building within its small-bay industrial project, located at 2902-2976 Rubidoux Blvd. in Riverside, CA. The transaction, valued at $780,000 ($260 per square foot), marks a strategic milestone for both the buyer and seller in achieving their respective real estate objectives.

The buyer, Alfonso Sandoval Jimenez, an existing tenant at the project, capitalized on the opportunity to acquire their building, demonstrating their historical success at the project, and confidence in their business’s future growth. This sale was facilitated through favorable Small Business Administration (SBA) financing terms, allowing Jimenez to gain control over their real estate. For the Owner, this transaction represents the successful execution of their continued business plan, by selling individual parcels at a premium relative to the acquisition basis of $160 per square foot.

“This partial sale reflects a win-win outcome for all parties involved,” stated Rocco Cortese, CEO and Co-founder of Intersection Equities.

“Jimenez secured ownership of their space under favorable financing terms, while we mitigated risk and reduced debt exposure. This transaction underscores our strategy of adding value through strategic asset management and proactive tenant relations.”

Anton Myskiw, Senior Associate at Intersection Equities, added, “The successful sale of this retail building validates our investment thesis and enhances the overall value of our Riverside small-bay industrial project.”

Intersection Equities continues to pursue opportunities that optimize value for tenants and investors alike, leveraging its expertise in industrial real estate.

To learn more about this project or the deal, please reach out to Anton Myskiw at [email protected]

Natalie Baylon is the Marketing Manager at Intersection, providing strategic marketing expertise to support business objectives across company divisions. For general and marketing inquiries, please get in touch with Natalie at [email protected]