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rogressive Real Estate Partners announced the $5.2 million sale of a Mobil gas station, convenience store, and express carwash in Colton, California. The property at 130 West Valley Blvd. was purchased by an Inland Empire-based private investor who plans to renovate the convenience store and enhance the customer experience.

    Located directly adjacent to I-10 freeway on-ramp and at the intersection of La Cadena St. and Valley Blvd., the station benefits from high traffic visibility, with approximately 195,000 cars passing daily on the freeway and 36,000 cars per day at the signalized intersection. The property includes a Mobil Mart convenience store, express carwash, and 16 gas/diesel fueling positions.

    Victor Buendia, senior vice president of Progressive Real Estate Partners, represented both parties in the transaction. The seller, an Inland Empire-based private party, owned the property for over 30 years. The buyer plans to capitalize on the location's strong demographics, with a population of over 130,000 within a three-mile radius and an average household income exceeding $100,700.

    According to Buendia, "Well-located gas stations continue to drive significant interest due to their vital services that are always in demand. The buyer is looking forward to implementing upgrades to grow the business and build on its success."