P
anera Bread now occupies a 3,986‑sq‑ft location at 4268 N. Varsity Ave., San Bernardino. SRS Real Estate Partners brokered the sale of this single‑tenant restaurant to a California investor for $6.8 million, or $1,404 per square foot. The 2024‑built space is under a 15‑year absolute triple‑net lease. Patrick Luther and Matthew Mousavi of SRS Capital Markets handled the seller’s side, while Nick Wirick managed leasing. This transaction is the second in Paragon Commercial Group’s breakup plan; the first, a Dutch Bros Coffee site, closed July 2025 for $2.8 million, bringing total sales to $9.6 million.