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2/19/20
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Adler Realty Investments Inc and Fairway Commercial Partners Inc recently sold four buildings in phase two of Fairway Business Park in the city of Lake Elsinore. The buildings were sold to four separate owner-users in separate transaction totaling nearly $8 mil.
Phase 2 construction was recently completed consisting of six standalone buildings located off Birch St. Phase 2 still has two buildings available for sale, one being 16k sf and the second being 10k sf in size. Phase 1, consisting of three buildings totaling 74.8k sf, was completed and sold in 2018.
Phase 3 of the industrial park is designed for an additional 140k sf in four buildings. Larry Null and Charlie Black of Lee & Associates represented the seller in theses latest transactions and are marketing the remaining buildings.
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