The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
September 23, 2023
 Search RENTV
 The REview
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

Printer-friendly Version   Email an Associate
Moreno Valley Biz Park Sells in $20 Mil Transaction


Moreno Corporate Center, a five-building, 139k sf industrial/flex business park in Moreno Valley, sold for $20.3 mil ($146/sf). The property, located at 14300, 14320 and 14340 Elsworth St and 22620 and 22640 Goldencrest Dr, was acquired by Bay Area-based LLC.

Built in 1989 and situated on just over nine acres, the asset was 96% occupied by 46 tenants at the close of escrow. The property features 77 ground-level doors, 396 parking spaces, and several remodeled suites. The asset is less than one-mile east of Interstate 215.

Alan Pekarcik and Chris Smith with Avison Young represented the seller, a SoCal-based private investor. The buyer was represented by Phil Linton of CBRE.

“This property is located in a strong industrial area that features a number of new big-box distribution centers,” said Smith. “Over recent years, there has been minimal construction of small-bay industrial product in this submarket, making Moreno Corporate Center attractive to both investors and small- to mid-sized tenants.”

Return to the Archive page



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2023 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media