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4/12/17
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A private investor paid $6.875 mil for Archicenter Business Park, a 62.7k sf ($110/sf) multi-tenant office and industrial business project located in Rancho Cucamonga. It was sold by Rexford Industrial Realty Inc.
The property is located at 9375 Archibald Ave, north of I-10 and west of I-15. It is situated in the heart of the West Inland Empire submarket and consists of 29.7k sf of office space in eleven buildings, and 33k sf of industrial space situated in five buildings.
Mike Hefner with Voit Real Estate Services represented both parties in the transaction. According to Hefner, the buyer was a 1031 exchange investor who was able to close all cash in a very short time frame.
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