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September 17, 2019
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INLAND EMPIRE NEWS
Archive
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• New Riverside Single-Tenant Retail Property Trades at 4.52% Cap Rate
7/02/19
An L.A.-based private investor paid $2.3 mil for a two-tenant retail property occupied by a brand-new single-tenant Jack in the Box with a drive-thru and a Verizon cell tower in Riverside. The property, located at 1115 W. La ...
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• Precision Screen & Security Buys 245k sf Industrial Property in Corona
6/28/19
Precision Screen & Security, a manufacturer of steel fencing and gates for commercial and residential properties, spent $26.5 mil for a 245k sf ($108/sf) industrial property in Corona. The property, located at 2455 Wardlow R...
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• Protempo US Limited Leases 139k sf of Distribution Space in San Bernardino
6/27/19
Protempo US Limited has leased 138.9k sf of distribution space at Tri-City Industrial Complex in San Bernardino. The property is located at 1445 S. Tippecanoe Ave, north of I-10 and east of I-15. Protempo leased the remaini...
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• Kenco Logistics Services Leases 580k sf in the Inland Empire
6/26/19
Kenco Logistics Services LLC, one of the largest woman-owned, third-party logistics companies in the United States, agreed to a lease for 579.7k sf of space in the Inland Empire cityof Perris. Kenco will occupy the entire bui...
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• Trio of Inland Empire Industrial Leases Total $56 Mil
6/19/19
We’ve got three recent Inland Empire industrial leases to report. The deals total 1.4 msf of space and have a combined value of $56 mil. In the largest of the deals, Burlington Distribution of California will occupy a Prolo...
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• Seller Collects $6.9 Mil from Sale of Two Riverside Senior Living Properties
6/14/19
Two senior active-living apartment buildings in Riverside sold in separate deals for a total of $6.87 mil. The properties were sold by the same seller, the original developer of both properties. One of the properties, Orang...
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• Rexford Industrial Realty Spends $18 Mil on Inland Empire Development Property
6/12/19
Rexford Industrial Realty Inc has purchased a 15.47-acre, fully entitled development site in the Inland Empire for $18.2 mil. The acquisition was funded using cash on hand. The site is located in Eastvale, five miles from th...
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• West Coast Steel & Processing Buys 68k sf Inland Empire Facility
6/11/19
West Coast Steel & Processing U.S.A. (dba SteelCo USA) has acquired a 68.2k sf manufacturing facility in Chino for $10.7 mil ($157/sf). West Coast Steel divisions include SteelCo USA, Great Pacific Elbow, Mission Metals, and...
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• Barker Pacific Group Buys Inland Empire Self-Storage Portfolio
6/07/19
Barker Pacific Group has acquired a three-property self-storage portfolio in the Inland Empire. The properties were sold by Aim All Storage. The Aim All Storage portfolio includes properties located at 11215 Indiana Ave in R...
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• Investors Trade 27 Res Units in Palm Springs for $2.26 Mil
6/04/19
Two multifamily communities containing a combined 27 units in Palm Springs were purchased by a private investor for $2.26 mil ($83.7k/unit). The properties, located at 2000 E. Sahara Rd and 2003 Desert Park, sit in one of t...
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• Investor Pays $187/sf for Industrial Property in Chino
5/23/19
CMI Holdings LLC paid $4.35 mil for a 23.3k sf ($187/sf) industrial building in Chino. The facility sits on 1.84 acres at 15142 Vista Del Rio Ave, south of the 60 Fwy and just east of the 71 Fwy. It features approximately 6.3...
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• Stos Partners Spends $7 Mil on Temecula Industrial Facility
5/22/19
Stos Partners has purchased a 64.7k sf industrial property in Temecula for $7.1 mil, or $110/sf. The property was sold by Calavo Growers, an international farm products company known for its distribution of avocados. Locate...
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• Work Completed on 466k sf Expansion of Newell Brands Facility in Victorville
5/21/19
Stirling Capital Investments has completed construction of a 466.3k sf building expansion for Newell Brands at Southern California Logistics Airport (SCLA). The expansion space was completed ahead of schedule, and is Newell’s...
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• Colton Apartment Community Trades for $63 Mil
5/21/19
San Diego-based Tower 16 Capital Partners has acquired The District at Grand Terrace, a 352-unit multifamily project in Colton, for $63.05 mil ($179k/unit). The project was acquired on an off-market basis from FPA Multifamil...
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• New Construction 7-Eleven in the Inland Empire Sells for $784/sf
5/14/19
A brand-new, 3k sf single-tenant 7-Eleven convenience store and gas station in Fontana sold for $2.353 mil, or $784/sf. The property traded at a 4.25% cap rate, what we’re told is a record-low cap rate for a 7-Eleven in San B...
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• Corona Retail Property Changes Hands in $11 Mil Deal
5/14/19
Orange County-based PRES Companies paid $11 mil for Corona Freeway Center, a 67.7k sf ($162/sf) retail property in Corona, in an all-cash deal. The well-established multi-tenant center is located at 2410 Wardlow Rd, directly ...
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• Class B Office Building in Riverside Sells for $238/sf
5/13/19
A private investor paid $4.975 mil for a 20.9k sf ($238/sf), Class B office building in Riverside. The single-story multi-tenant office building sits on just over two acres at 1201 Research Park Dr. The property features a ...
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• Retail Building in Apple Valley Goes for $169/sf
5/10/19
A 15.1k sf, multi-tenant shop building at Rancherias Plaza in Apple Valley has sold for $2.55 mil, or $169/sf. The property is located at 20162 Highway 18, in the fast-growing High Desert region of SoCal’s Inland Empire. Bu...
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• Meet the Leading Inland Empire CRE Experts Who Spoke at RENTV's State of the Market Conference
5/07/19
At RENTV’s annual Inland Empire State of the Market Conference just held on April 25 at the Embassy Suites by Hilton Ontario Airport hotel in Ontario, some of the region’s top commercial real estate pros shared their insight ...
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• Investors Buy 25k sf of Pad Buildings at Rialto Marketplace
4/30/19
There were two, separate multi-tenant pad sales totaling 25.6k sf at Rialto Marketplace, a 239.5k sf Super Walmart-anchored shopping center located at 1276 S Riverside Ave in the Inland Empire city of Rialto. The assets were ...
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