Indio: City Buys Former Ralph’s Grocery Store for $3.25M

Property To Be Converted Into Indio Public Library
The city of Indio purchased the former Ralph’s at 81731 Ave. 46 in Indio from the Ralph’s Grocery Co. for $3.25 million, or approximately $101 per square foot.
The 32,134-square-foot property had been vacant since Aug. 27, 2005. The city plans to use this property as the new location [...]

Corona: Always Believe Sells Retail Building for $2.5 Million

Always Believe Sells Retail Building for $2.5 Million, RJ Realty Buys 480 N. Main for $312 PSF
Always Believe Inc. sold the 8,010-square-foot general retail building at 480 N. Main St. in Corona to a shell company for RJ Realty Investors for $2.5 million, or approximately $312 per square foot. The capitalization rate was 6%.
The two-story [...]