| El Centro Apartment Property Gets New Owner in $9.6 Mil Deal
A 75-unit complex in El Centro, CA sold for $9.6 mil, or $128k/unit. The 71.3k sf property, situated on a 132k sf lot at 699 Wake Ave, was acquired by Imperial Properties LLC.
The property consists of 75 units across seven t...
| SoCal Investor Pays over $500/sf for Multi-Tenant Pad Building at Lake Elsinore Marketplace
A 1031 exchange investor out of Torrance purchased a 7.2k sf, multi-tenant retail building at Lake Elsinore Marketplace, a 144k sf shopping center anchored by Costco, Lowe’s, Grocery Outlet, PetSmart and Dollar Tree. The sale...
| AJ Rental Inc Spends $2.6 Mil on Inland Empire Industrial Asset
Irvine-based AJ Rental Inc paid $2.6 mil for a three-building, 13.1k sf ($198/sf) industrial property in Perris, CA. The property is located at 2282 Goetz Rd, west of I-215.
Situated on 1.82 acres of land, the property featu...
| Local Investor Spends Over $5 Mil on Two Buildings at Grocery Anchored Center in Corona
A private investor from Corona purchased two multi-tenant retail buildings at Village Grove Plaza, a Stater Bros Markets- and Crunch Fitness-anchored shopping center in Corona, for $5.2 mil. Totaling 11.6k sf ($448/sf) of spa...
| Commerce Square Biz Park in Riverside Gets New Owner in $14 Mil Deal
Commerce Square, a four-building, 128.9k sf business park in Riverside, traded hands in a recent $14 mil ($109/sf) transaction. The asset, located at 1550 Marlborough Ave and 1737, 1777 and 1989 Atlanta Ave, just east of the ...
| Condor Cold Storage Buys 99k sf Facility in Corona
Orange County-based Condor Cold Storage acquired a 99k sf, cold storage facility in the city of Corona. The property consists of two buildings located at 300 El Sobrante Rd and 1701 N. Delilah St, south of the 91 Fwy and east...
| Advanced Real Estate Services Spends $26 Mil on 120-Unit Res Asset in Riverside
Advanced Real Estate Services Inc (ARES) has been busy during the past four months, having acquired a new multifamily asset while also completing refi loans on five others along with forming a new investment fund.
| Inland Empire’s East Valley Industrial Market Saw Strong Activity and Absorption in 2nd Quarter of 2020
This Second Quarter Industrial Market Summary for the Inland Empire East Valley region was provided by Lee & Associates Riverside
The second quarter of 2020 for the Inland Empire East Valley region saw strong activity and gr...
| Orbis Real Estate Partners Purchases 5.87-Acre Development Site in Perris
Newport Beach-based Orbis Real Estate Partners picked up a 5.87-acre land parcel in the Inland Empire city of Perris for $2.26 mil. The site is located at the corner of Harvill Ave and Placentia St.
The site is visible from...
| The Krausz Companies Spends $13.45 Mil on Single-Tenant Building in San Bernardino
A single-tenant building occupied by the County of San Bernardino in the city of San Bernardino traded hands in a $13.45 mil transaction. The building, located at 265 East 4th St, was purchased by The Krausz Companies Inc, ou...
| OC Investor Buys Corona Car Wash Property in $5.7 Mil Deal
An OC-based private investor paid $5.7 mil for a free-standing All Star Car Wash and Castrol Oil and Lube Center in Corona. The 2.5k sf property, located at 465 N. McKinley St, is situated on an outparcel to the 270k sf Coron...
| Rexford Industrial Realty Closes on Five SoCal Buys Totaling $73 Mil
Rexford Industrial Realty Inc purchased five SoCal industrial properties for $73.2 mil. The acquisitions were purchased through three transactions and funded using cash on hand.
Rexford acquired a three-property industrial p...
| Riverside Multifamily Property Traded at $154k/Unit
Bel Air Apartments, a 16-unit multifamily property in Riverside, was acquired by a private buyer for $2.46 mil ($154k/unit).
Located at 3500-3530 Lou Ella Lane, Bel Air Apartments is comprised of eight one-bedroom/one-bathro...
| Private Investor Buys Class A Office Asset in Temecula
A 35.3k sf office building in Temecula was purchased by a high-net-worth, private buyer for $5.18 mil ($147/sf). The property was sold by MIG Real Estate, out of Orange County.
Located at 1 Ridgegate Drive, the Class A offic...
| Construction Biz Entity Buys Four Acres in Chino
An industrial site of just under four acres in the Inland Empire city of Chino was acquired by a local buyer, who will use the property for their growing construction business. The land parcel, located at 3612 and 3638 Philad...
| DWG Capital Partners Invests in Waste-Water Treatment and Reclamation Facility in San Bernardino County
DWG Capital Partners has invested in the operational acquisition of a waste-water treatment and reclamation facility in San Bernardino County. The facility is located at 11225 Mulberry Ave, south of I-10 and east of I-15 in F...
| Two Assets at Inland Empire Sprouts-Anchored Shopping Center Sell for $7.6 Mil
Private investors have acquired a new construction, multi-tenant retail shop building adjacent to Sprouts Farmers Market and a new Quick Quack Car Wash ground lease at the Highland Village Shopping Center in Fontana, in separ...
| SoCal Single-Tenant Retail Properties Trade in Deals Worth over $30 Mil
We’ve learned of four SoCal, single-tenant retail properties that traded in recent deals totaling $31 mil. The properties are located in Indio, Lomita, Victorville and Hawthorne. NKF’s Bill Bauman, Kyle Miller, Michael Fogel...
| EverWest Real Estate Investors Closes $37 Mil Corona Industrial Buy
Representing its second major off-market industrial acquisition in just over two months, Denver-based EverWest Real Estate Investors has completed the $37 mil, seven-year sale-leaseback acquisition of Magnolia Point – a 210.3...
| Rockefeller Group and MBK Real Estate Start Work on 300k sf IE Spec Industrial Facility
Rockefeller Group and joint venture partner MBK Real Estate have obtained a $24.4 mil construction loan from Los Angeles-based City National Bank for development of a 297.1k sf industrial building in Fontana. The loan includ...