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February 24, 2021
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• Owner/User Buys Newly Built Industrial Facility in San Bernardino
A newly developed, 154.5k sf industrial warehouse building in San Bernardino has sold for $18.23 mil ($118/sf). The building, located at 2705 Lexington Ave, north of the 210 Fwy and just west of I-215, was purchased by a glob...
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• San Bernardino Neighborhood Center Trades in $20 Mil Deal
Seley Plaza, a 159.3k sf neighborhood shopping center in San Bernardino, traded hands in a $20.03 mil transaction. The property, located just south of the 210 Fwy at 2002-2383 E. Highland Ave, was purchased by Newman Internat...
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• Dorel Home Furnishings Renews Lease for 750k sf Facility in Ontario
Dorel Home Furnishings, out of Canada, has agreed to a $33 mil renewal lease of a 750k sf industrial warehouse facility within the five-building Shea Center Ontario business park in Ontario. The lease term was not disclosed. ...
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• Burlington Coat Factory Slated to Open at Renovated Upland Village Center
Wood Investments Companies has completed construction of a 40k sf Burlington Coat Factory in the newly revived Upland Village Center in the Inland Empire city of Upland. Located at the northeast corner of Foothill Blvd and Eu...
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• Two SoCal Multifamily Sales Generate $10.8 Mil
Two SoCal multifamily properties were purchased by different private buyers in separate deals totaling $10.8 mil. CBREs Dan Blackwell represented the seller, a family partnership, in both transactions. In one of the deals,...
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• Prism Multifamily Group Finances Palm Springs Apartment Buy with $10.8 Mil Fannie Mae Loan
Prism Multifamily Group recently acquired Latitude 33, a 121-unit, Class A multifamily property in downtown Palm Springs. Latitude 33 holds significance for Palm Springs, which is home to only nine market-rate apartment commu...
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• The Associates Equity Fund Picks Up 165k sf Industrial Portfolio in West Corona
The Associates Equity Fund (AEF) has acquired a four-building, 165k sf industrial portfolio in West Corona for $14.3 mil ($87/sf). The acquired properties include a 25k sf, multi-tenant industrial building along with two free...
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• Victorville Office Property Sells for Over $5 Mil
A 33.5k sf office building in Victorville sold for $5.15 mil, or $154/sf, at a cap rate of 7.8%. The property, Civic Center Professional Building, is located at 15400 Civic Dr. The property was 80% leased to County of San Ber...
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• Firms Ink Leases for Over 700k sf at New Distribution Development in Chino
Casual footwear maker OluKai was among four companies to sign leases recently for more than 70% of the 1 msf Kimball Business Park, a collection of eight distribution buildings underway in Chino. The project is a development ...
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• Recent Lease Signings Account for 70% of Chino Distribution Project
Casual footwear maker OluKai was among four companies to sign leases recently for more than 70 percent of the 1 msf Kimball Business Park, a collection of eight distribution buildings underway in Chino. The project is a devel...
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• New Inland Empire Coffee Bean & Tea Leaf Sells for $1,667/sf
A brand-new, single-tenant retail property occupied by The Coffee Bean & Tea Leaf on an initial 15-year term in Rialto has sold for $2.9 mil, or $1,667/sf. The property, located at 1877 North Riverside Ave, traded at a 3.8% c...
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• Ontario Warehouse/Manufacturing Facility Goes for $168/sf
A 32.8k sf warehouse/manufacturing facility in Ontario sold for $5.53 mil ($168/sf). The building is located at 1100 N. Hellman Ave, within the Airport area submarket of the Inland Empire. Built in 2000, the single-story bu...
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• Molto Properties Buys Inland Empire Distribution Center
Molto Properties purchased a Class A, 121.4k sf distribution center in Riverside. The price was not disclosed. Located at 7350 San Gorgonio Dr, adjacent to I-215 at Hwy 60, the recently constructed facility features 6.2k sf ...
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• Newell Brands Leases another 466k sf in Victorville
Newell Brands has leased an additional 466.3k sf at Southern California Logistics Airport (SCLA) in Victorville. SCLA is an 8,500-acre multimodal freight transportation hub which includes a 2,500-acre commercial and industria...
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• Buyer Pays $344/sf for Highland Smart & Final Extra!
A 27.3k sf Smart & Final Extra! in Highland sold for $9.475 mil, or $344/sf. The deal closed at a cap rate of 5.4%. The property, located at 27550 Base Line St, is a freestanding single-tenant general retail supermarket cons...
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• Investor spends $8.7 Mil on Four Retail Pad Buildings in Visalia
The Shops at Visalia Pavilion, a four-building, 33k sf retail asset in Visalia, sold for $8.75 mil ($265/sf). The property, located at 3833, 3837, 3927, 4015 West Caldwell Ave, consists of four, multi-tenant pad buildings wi...
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• Investors Pick Up Development Land in Perris
An 8.5-acre land site in the Inland Empire city of Perris sold for $1.4 mil. The land was acquired by the buyer-developer team of Adham Abdulla and Wadeed Abdula. Situated directly off the 215 Fwy, the site provides 930 feet...
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• Investor Buys Ontario Office Property
A 60.8k sf office building in Ontario sold for $8.275 mil ($136/sf). The property, located at 1131 W. 6th St, was purchased by a private investor. The three-story building sits on 2.6 acres of land west of Euclid Ave and ju...
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• MGR Realty Closes $30 Mil Office Buy in the Inland Empire
In a notable office buy out of the Inland Empire, MGR Realty paid $29.87 mil for Empire Towers V, a five-story 124.5k sf Class A ($240/sf) office building in Ontario. The property, built in 2007 and situated on 4.4 acres at 3...
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• Investor Pays $1,364/sf for NNN, Single-Tenant Retail Asset in Perris
A newly constructed, 2.1k sf single-tenant retail property in the Inland Empire city of Perris was purchased for $2.81 mil by a private investor out of Los Angeles. The deal came in at a price of $1,364/sf and a cap rate of 4...
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