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2/18/26
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A Los Angeles-based 1031 exchange buyer paid $7.24 mil for a 46.2k sf industrial property in Indio. The structure sits on 2.10 acres at 82309 Market St.
The building includes 38.1k sf of warehouse space and 8.1k sf of office. The tenant recently renewed its lease at the property.
The warehouse portion of the property features 20 – 24-foot clear heights, four grade level doors, two dock high doors and a fully fenced, gated concrete truck court.
CBRE’s Sammy Cemo, Austin Reuland, Anthony DeLorenzo and Wes Jones represented the seller in the transaction.
“This sale underscores the continued robust investor appetite for high-quality, stabilized industrial assets in the growing Coachella Valley market,” said Cemo, first vice president at CBRE. “The property’s exceptional tenant profile, with a long-term lease in place, combined with its functional design and strategic location, made this an incredibly attractive offering for the buyer.”
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