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2/23/21
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A 35k sf industrial facility located at 139 Kellam Ave in the City of San Jacinto sold for $4.3 mil ($123/sf). The building was purchased by HFSJ Properties, whose plans for the property include extensive remodeling, the addition of cold storage and renewing the presence of the facility.
Situated on a 4.8-acre parcel, the property boasts many desirable features for cold storage capacity, including dock-high access, a secured large yard for trucking and over 15 docks and roll-up doors. The building will be used as a regional beverage distribution hub servicing Western Riverside County. Key to the acquisition was the ample room to expand the operations in the future and centrality to the service area.
The seller, Agri-Empire, a longtime local family-held enterprise, operated the facility for potato processing and distribution for over 50 years at the location and shuttered operations in 2018. Though the property once used rail service for distribution it is no longer used or needed at this location.
Polo Doria with Lee & Associates Riverside represented both parties in the transaction.
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