Commercial property sells for $2.3 million

A Los Angeles-based real estate firm has purchased a 4.6-acre land parcel on Cajon Boulevard in San Bernardino for $2.3 million.

Dunleer, LLC plans to entitle the land for a commercial development. Han Widjaja Chen of Growth Investment Group represented the buyer and the seller in the transaction.

“Due to our extensive broker relationships, we were able to secure below-market pricing on this land parcel and are looking to add value to stakeholders by working through an entitlement process,” said Dunleer’s founder BJ Turner in a news release.

Dunleer specializes in niche commercial properties in Southern California. It has made 10 acquisitions during the past 18 months and is in escrow on several of those properties, according to the statement.