A 26-year-old man suspected of robbing a Moreno Valley resident during a private sales transaction was released from custody Thursday.

Nefatali Sanchez of Moreno Valley was arrested and booked into the Robert Presley Jail in Riverside Wednesday on suspicion of armed robbery, carrying a concealed firearm and receiving stolen property.

Sanchez posted a $30,000 bond and was freed Thursday morning.

According to Riverside County Sheriff’s Department Sgt. Robert Martinez, about 10 p.m. Monday, the suspect met the victim, whose identity was not disclosed, in a deserted lot in the 25000 block of Santiago Drive, where they had arranged to complete the sale of items that the man had listed via an online classified advertisement.

When the victim took the items out of his vehicle, Sanchez leveled a handgun at him and demanded the property, which the man immediately handed over, Martinez alleged.

The suspect allegedly fled in his vehicle, and the victim reported the encounter to deputies, according to the sergeant.

He said detectives soon discovered that the stolen property had been re-listed for sale via the OfferUp app.

Investigators identified Sanchez as the seller, and he was located at a business near the intersection of Perris Boulevard and the Ramona Expressway in Perris, where he was taken into custody without incident, Martinez said.

No background information was available on the suspect.

Martinez said the episode serves as a reminder of the importance of residents utilizing designated “safe exchange” locations, such as the parking lot of the Moreno Valley sheriff’s station, to conduct private sales transactions.

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