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• Private Investor Buys 18-Unit Res Property in Fontana
8/07/20
Juniper Apartments, an 18-unit multifamily property in Fontana, was purchased by a private investor for $2.65 mil, or about $147k/unit.
Located at 8945 Juniper Ave, Juniper Apartments is comprised of eighteen two-bedroom, tw...
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• Riverside Office Building Sells for $16 Mil
8/06/20
An unnamed Chicago-based company paid $16 mil for a 44.4k sf ($361/sf), three-story office building in Riverside. The multi-tenant property, located at 3480 Vine St, was 100% leased at the time of sale to three investment-gra...
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• El Centro Apartment Property Gets New Owner in $9.6 Mil Deal
8/05/20
A 75-unit complex in El Centro, CA sold for $9.6 mil, or $128k/unit. The 71.3k sf property, situated on a 132k sf lot at 699 Wake Ave, was acquired by Imperial Properties LLC.
The property consists of 75 units across seven t...
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• SoCal Investor Pays over $500/sf for Multi-Tenant Pad Building at Lake Elsinore Marketplace
8/05/20
A 1031 exchange investor out of Torrance purchased a 7.2k sf, multi-tenant retail building at Lake Elsinore Marketplace, a 144k sf shopping center anchored by Costco, Lowe’s, Grocery Outlet, PetSmart and Dollar Tree. The sale...
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• AJ Rental Inc Spends $2.6 Mil on Inland Empire Industrial Asset
7/30/20
Irvine-based AJ Rental Inc paid $2.6 mil for a three-building, 13.1k sf ($198/sf) industrial property in Perris, CA. The property is located at 2282 Goetz Rd, west of I-215.
Situated on 1.82 acres of land, the property featu...
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• Local Investor Spends Over $5 Mil on Two Buildings at Grocery Anchored Center in Corona
7/28/20
A private investor from Corona purchased two multi-tenant retail buildings at Village Grove Plaza, a Stater Bros Markets- and Crunch Fitness-anchored shopping center in Corona, for $5.2 mil. Totaling 11.6k sf ($448/sf) of spa...
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• Commerce Square Biz Park in Riverside Gets New Owner in $14 Mil Deal
7/28/20
Commerce Square, a four-building, 128.9k sf business park in Riverside, traded hands in a recent $14 mil ($109/sf) transaction. The asset, located at 1550 Marlborough Ave and 1737, 1777 and 1989 Atlanta Ave, just east of the ...
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• Condor Cold Storage Buys 99k sf Facility in Corona
7/24/20
Orange County-based Condor Cold Storage acquired a 99k sf, cold storage facility in the city of Corona. The property consists of two buildings located at 300 El Sobrante Rd and 1701 N. Delilah St, south of the 91 Fwy and east...
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• Advanced Real Estate Services Spends $26 Mil on 120-Unit Res Asset in Riverside
7/16/20
Advanced Real Estate Services Inc (ARES) has been busy during the past four months, having acquired a new multifamily asset while also completing refi loans on five others along with forming a new investment fund.
In Riversi...
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• Inland Empire’s East Valley Industrial Market Saw Strong Activity and Absorption in 2nd Quarter of 2020
7/09/20
This Second Quarter Industrial Market Summary for the Inland Empire East Valley region was provided by Lee & Associates Riverside
The second quarter of 2020 for the Inland Empire East Valley region saw strong activity and gr...
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• Orbis Real Estate Partners Purchases 5.87-Acre Development Site in Perris
7/09/20
Newport Beach-based Orbis Real Estate Partners picked up a 5.87-acre land parcel in the Inland Empire city of Perris for $2.26 mil. The site is located at the corner of Harvill Ave and Placentia St.
The site is visible from...
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• The Krausz Companies Spends $13.45 Mil on Single-Tenant Building in San Bernardino
7/08/20
A single-tenant building occupied by the County of San Bernardino in the city of San Bernardino traded hands in a $13.45 mil transaction. The building, located at 265 East 4th St, was purchased by The Krausz Companies Inc, ou...
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• OC Investor Buys Corona Car Wash Property in $5.7 Mil Deal
7/08/20
An OC-based private investor paid $5.7 mil for a free-standing All Star Car Wash and Castrol Oil and Lube Center in Corona. The 2.5k sf property, located at 465 N. McKinley St, is situated on an outparcel to the 270k sf Coron...
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• Rexford Industrial Realty Closes on Five SoCal Buys Totaling $73 Mil
7/06/20
Rexford Industrial Realty Inc purchased five SoCal industrial properties for $73.2 mil. The acquisitions were purchased through three transactions and funded using cash on hand.
Rexford acquired a three-property industrial p...
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• Riverside Multifamily Property Traded at $154k/Unit
6/26/20
Bel Air Apartments, a 16-unit multifamily property in Riverside, was acquired by a private buyer for $2.46 mil ($154k/unit).
Located at 3500-3530 Lou Ella Lane, Bel Air Apartments is comprised of eight one-bedroom/one-bathro...
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• Private Investor Buys Class A Office Asset in Temecula
6/26/20
A 35.3k sf office building in Temecula was purchased by a high-net-worth, private buyer for $5.18 mil ($147/sf). The property was sold by MIG Real Estate, out of Orange County.
Located at 1 Ridgegate Drive, the Class A offic...
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• Construction Biz Entity Buys Four Acres in Chino
6/25/20
An industrial site of just under four acres in the Inland Empire city of Chino was acquired by a local buyer, who will use the property for their growing construction business. The land parcel, located at 3612 and 3638 Philad...
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• DWG Capital Partners Invests in Waste-Water Treatment and Reclamation Facility in San Bernardino County
6/24/20
DWG Capital Partners has invested in the operational acquisition of a waste-water treatment and reclamation facility in San Bernardino County. The facility is located at 11225 Mulberry Ave, south of I-10 and east of I-15 in F...
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• Two Assets at Inland Empire Sprouts-Anchored Shopping Center Sell for $7.6 Mil
6/23/20
Private investors have acquired a new construction, multi-tenant retail shop building adjacent to Sprouts Farmers Market and a new Quick Quack Car Wash ground lease at the Highland Village Shopping Center in Fontana, in separ...
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• SoCal Single-Tenant Retail Properties Trade in Deals Worth over $30 Mil
6/17/20
We’ve learned of four SoCal, single-tenant retail properties that traded in recent deals totaling $31 mil. The properties are located in Indio, Lomita, Victorville and Hawthorne. NKF’s Bill Bauman, Kyle Miller, Michael Fogel...
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