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August 20, 2019
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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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• SoCal Investors Pick Up Retail Assets in Separate San Bernardino Buys
Two retail buildings at University Town Center in San Bernardino sold for a combined price of $3.7 mil. The well-established center is located in a highly desirable college neighborhood less than a mile from Cal State Univers...
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• Positive Investments Closes on $33 Mil Res Buy in Victorville
Arcadia-based Positive Investments closed on the acquisition of two multifamily properties in Victorville, totaling 320 units, for a combined price of $33 mil. One of the properties, The Colony, is located at 14450 El Evado ...
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• Development of Coachella Hotel Project Lands $32 Mil in Financing
Glenroy Coachella has obtained $32.4 mil in financing for the ground-up development of a 250-room, 35-acre casitas-style resort hotel flagged by an IHG Hotel Indigo in Coachella, CA. The financing consists of a $24.4 mil seni...
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• Rancho Cucamonga Retail Center Goes for $263/sf
RC Plaza, a 37.2k sf, neighborhood shopping center in Rancho Cucamonga, traded for $9.8 mil, or $263/sf. The property, located at the signalized intersection of Archibald Ave and East Foothill Blvd, was purchased by an LA-bas...
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• CapRock Partners Starts Work on New Inland Empire Industrial Project
CapRock Partners has broken ground on Serrano Business Park, a 327k sf industrial development in Jurupa Valley, CA. The project will comprise three Class A industrial buildings with units ranging from 31.2k sf to 179k sf. Bo...
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• Duke Realty Corp Underway with Two Inland Empire Industrial Projects
Duke Realty Corporation is currently developing two new warehouse developments in the Inland Empire East submarket. The projects, which total 897.9k sf, will bring the company’s total industrial portfolio in the market to mor...
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• Penske Truck Leasing Pays Over $5 Mil for Fontana Development Land
A 5.47-acre industrial development land site in Fontana sold for $5.2 mil, or $925.3k per acre. The buyer was Penske Truck Leasing Co, LP. The land parcel sits on the northwest corner of Valley Blvd and Elm Ave, minutes from...
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• Office Asset in Temecula Goes for $174/sf
Temecula Oaks, a 33.3k sf office building in Temecula, sold for $5.8 mil, or $174/sf. The deal closed at a cap rate of 7.5%. Built in 1985 and renovated in 2015, Temecula Oaks is situated on 2.58 acres at 28765 Single Oak D...
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• TA Realty Buys 147k sf Inland Empire Facility from Newcastle Partners in $16.3 Mil Deal
TA Realty, LLC has acquired Harley Knox Logistics Center, a 147k sf, Class A industrial facility in Perris, for $16.35 mil ($111/sf). The property, located at 17610 Harvill Ave, is fully occupied by Hardwoods Specialty Produ...
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• Newly Constructed Industrial Facility in Temecula Sells for $16.85 Mil
MCA Business Center, a newly constructed 143.2k sf industrial building in Temecula, sold for $16.85 mil, or $118/sf. The property, located at 41573 Dendy Pkwy, was sold by MCA Realty Inc. The building was purchased by Wester...
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