| 1.6 msf Inland Empire Distribution Facility Available for Lease
We’ve learned that a very large logistics facility in the Inland Empire is available for lease. The property, owned by CenterPoint Properties, is a 1.63 msf facility on over 94 paved acres at 5600 E. Airport Rd, just south of...
| Centurion Fuchigami International Inc Pays $7 Mil for Inland Empire Medical Office Property
Centurion Fuchigami International Inc bought a 14.6k sf medical office property in Moreno Valley for $6.99 mil ($479/sf). Located at 22555 Alessandro Blvd, the single-story building is fully leased with the primary tenant bei...
| Stirling Capital Signs Trio of Lease Deals at Southern California Logistics Airport in Victorville
We’ve learned of three major lease deals at Stirling Capital Investments’ Southern California Logistics Airport in Victorville. The transactions were completed with The Boeing Company, United Furniture Industries (UFI) and Co...
| Berkadia Arranges $44 Mil in Financing on Two Res Properties
An unnamed ownership entity hs obtained $44.38 mil in combined financing on two multifamily properties, in California and Texas. The properties are Vineyard Village, located in Rancho Cucamonga, CA, and Wellington Park in Lew...
| Goli Nutrition Leases 422k sf of Distribution Space in the Inland Empire
Goli Nutrition has leased four industrial building totaling 422.4k sf of space within Saddle Ranch Business Center in the Inland Empire city of Norco. Goli, a vitamin manufacturer, was looking to expand its operations. Terms ...
| Westcore Buys 66k sf Industrial Facility in Temecula
Westcore acquired a 65.6k sf, industrial warehouse on 10.64 acres in Temecula for $10.8 mil ($165/sf). Currently vacant, the property is located at 27731 Diaz Rd, west of I-15 and north of Rancho California Rd.
| Ontario Apartment Property Sells for $15.5 Mil
Cinnamon Ridge, a 101-unit affordable community located in Ontario, traded in a $15.5 mil ($153.4k/unit) transaction. Built in 1989, the property is located at 1051 East 4th St, east of Euclid Ave and just south of the I-10. ...
| Temecula Industrial Building Trades for $127/sf
Stos Partners purchased a 228.9k sf industrial building in Temecula for $29 mil, or $127/sf. We’re told the sale marks the highest price per square foot in the above 100k sf industrial market in southwest Riverside County his...
| Single-Tenant Starbucks in SoCal’s Imperial Valley Sells for Over $1,000/sf
A Los Angeles-based private investor paid $2.858 mil for a new construction, single-tenant Starbucks with a drive-thru located in SoCal’s Imperial Valley. The 2.6k sf property ($1,089/sf) was sold by the building’s developer,...
| Inland Empire Industrial Building Gets New Owner in $12.9 Mil Transaction
Dermody Properties recently acquired a 103.4k sf industrial building in Ontario for $12.9 mil, or $125/sf. The building sits on 5.79 acres at 3120 E. Mission Blvd, north of Hwy 60 and west of I-15.
The 3120 Mission Blvd buil...
| Temecula Office Building Gets New Owner in $5 Mil Deal
Jefferson Commerce Center, a 32.2k sf, multi-tenant office building in Temecula, has traded hands in a $5.1 mil ($158/sf) transaction. The three-story, Class B building is located on 2.22 acres at 27710 Jefferson Ave, south o...
| Quick N Clean Car Wash Buys One-Acre Site in Victorville
Quick N Clean Car Wash paid $1.55 mil for a one-acre land parcel in Victorville. The land, located at 14812 Bear Valley Rd, will be the site of the firm’s first location in SoCal’s Mojave River Valley region.
The new self-se...
| Inland Empire Industrial Market Maintains Strong First Quarter
This quarterly update was provided to us by real estate services firm Kidder Mathews
The Inland Empire industrial market did not show any slowing as market fundamentals held steady in the first quarter, despite effects of Co...
| Uline Inks Deal for 1.25 msf Distribution Facility in Ontario
Uline has agreed to lease a 1.245 msf distribution facility from REDA and Clarion Partners LLC in Ontario. The building is located at 4815 South Hellman Ave, west of Archibald Ave between Mission Blvd and the 60 Fwy, within t...
| Inland Empire Res Community Trades for $45.5 Mil
The Heights at Grand Terrace, a 228-unit community in Grand Terrace, was acquired by an East Coast-based investment entity for $45.5 mil, or $199.6k/unit. The property is located at 22491 DeBerry St, south of I-10 and just ea...
| New Starbucks with Drive-Thru in the Inland Empire Sells for $1,722/sf
A brand-new, 1.8k sf single-tenant Starbucks with a drive-thru in Twentynine Palms sold for $3.1 mil, which works out to $1,722/sf. Built in 2020, the property is located on 0.54 acres at 73690 Twentynine Palms Hwy.
| Palm Desert Res Community Sells for $171k/Unit
A SoCal-based investment group purchased Royal Palms Condominiums, a 52-unit community in Palm Desert, for $8.9 mil, or $171k per unit. The property, located at 40890 Sandy Gale Lane, received multiple offers.
Built in 1985,...
| Providence Capital Group Spends $68 Mil on Rancho Cucamonga Arte Project
Arte, a 182-unit, luxury apartment community in Rancho Cucamonga, was acquired by an affiliate of Providence Capital Group Inc for $68 mil, or $373.6k/unit. The asset, located at 10130 Foothill Blvd, was sold by Fore Property...
| Investor Exchanges into Beaumont Commercial Property
Highland Springs Medical Arts Building, a 14.8k sf medical office building in Beaumont, was purchased by a private, 1031 exchange investor for $3 mil, or $203/sf. The property is located at 701 Highland Springs Ave.
| Rancho Cucamonga Retail Center Sells for $13.75 Mil
Shops to Victoria Gardens, a 31.4k sf retail strip center adjacent to the Victoria Gardens lifestyle center in Rancho Cucamonga, sold for $13.75 mil ($438/sf). It was sold by Fit Development.
Situated on 2.65 acres at 12455 ...