$9.8 million California retail plaza sold

Big-box tenants occupy site

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Marcus & Millichap negotiated the sale of the 53,001-square-foot Bear Valley Plaza in Victorville, Calif. The value of the transaction was $9.8 million. An undisclosed private investor sold the property to an undisclosed, California-based investment group. Bear Valley Plaza is located at 15208-15209 Bear Valley Road. At the time of sale, the property was anchored by Walmart and Home Depot and was 100 percent occupied. Encino, Calif.-based Marcus & Millichap is a commercial real estate brokerage operating nationwide. *** What's your opinion? Send your Letter to the Editor to opinion@inman.com....