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June 25, 2024
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• Ridgecrest Multifamily Property Goes for $48k/Unit
Ridge Apartment homes, an 80-unit multifamily property in the Inland Empire city of Ridgecrest, sold for $3.85 mil ($48.1k/unit). The property is located at 400 Cisco St, east of Hwy 395 and north of Hwy 78. Ridge Apartment ...
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• Upland Medical Office Building Purchased by Owner/User in $8.85 Mil Deal
A 47.9k sf medical office building in Upland sold for $8.85 mil ($185/sf) to a local medical user. The property, located at 400 Mountain Ave, was sold by Harbor Associates. The three-story building is located on the southeas...
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• Inland Empire DaVita Dialysis Clinic Sells for $4.45 Mil
A 14k sf, single-tenant DaVita Dialysis clinic in the Inland Empire city of Indio sold in a recent $4.45 mil ($318/sf) 1031 exchange transaction. The property, located at 82900 Avenue 42, traded at a 5.66% cap rate. Convenie...
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• KFC Signs Lease for 3.3k sf Restaurant in Ontario
KFC inked a 15-year ground lease for a 3.3k sf drive-thru restaurant in Ontario. The property is located at 1851 East G St, at the intersection of the I-10 freeway and Vineyard Ave. The site offers visibility to over 270,000...
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• Peri & Sons Farms Spends $27.5 Mil on 2,400-Acre Farmland Portfolio in CAs Imperial County
Peri & Sons Farms, a family farming operation based in Nevada, has acquired a 2,411-acre portfolio of agricultural farmland located in the sought after Holtville submarket of Imperial County, CA, in a $27.5 mil transaction. K...
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• Tricon Residential, Foremost Pacific Group and Woodbridge Pacific Group Finish 170-Unit Res Project in Wildomar
Tricon Residential, Foremost Pacific Group, and Woodbridge Pacific Group have completed Tricon Wildomar, a new built-to-rent community in Wildomar, CA featuring 170 modern Spanish-style townhomes. Tricon Wildomar is the sec...
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• Single-Tenant Bank of America Property in the Inland Empire Goes for Over $800/sf
A Riverside-based private investor paid $2.875 mil for a 2015-new construction, 3.5k sf ($821/sf) single-tenant property occupied by Bank of America in Palm Desert. The property was sold by an L.A.-based investor. The freest...
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• Pacific Industrial Acquires 10 Acres in the City of Industry
Pacific Industrial recently purchased 10 acres in the City of Industry with plans to build a 215k sf, state-of-the-art spec industrial facility to be called the Pacific Railroad Center. The site is located at 17969 Railroad S...
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• CapRock Obtains $17.5 Mil in Financing for 22-Acre Dev Parcel in Moreno Valley
CapRock has secured $17.5 mil in pre-development financing on a 22.1-acre parcel within the World Logistics Center masterplan in Moreno Valley. Upon entitlement, CapRock will have the optionality to either commence developmen...
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• Westcore Acquires 3.5 msf California Industrial Portfolio
Westcore, a leading industrial real estate acquisition, development and asset management firm, Westcore has acquired the 3.5 msf Odyssey Portfolio, comprised of industrial properties in Livermore, Valencia and Chino, Californ...
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• CapRock Partners Breaks Ground on 1.27 msf Spec Industrial Building in Visalia
CapRock Partners has broken ground on Building 1 at CapRock Central Point III, a new LEED-certified, 2.7 msf, four-building speculative industrial complex in Visalia. Building 1 will bring 1.27 msf of Class A logistics and di...
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• DPI Retail Spends Over $29 Mil on Vacaville Property
DPI Retail purchased Power Plaza, a 112.3k sf, grocery-anchored, neighborhood retail center located in Vacaville, for $29.175 mil ($260/sf). The property was sold by ProEquity Asset Management. Built in 1993 and 1994, the ...
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• Birtcher Development Obtains $75 Mil in Construction Money for Inland Empire Industrial Project
Birtcher Development LLC has secured $75 mil in construction financing for the development of Birtcher Logistics Center Rialto, a 492.6k sf, Class A logistics facility currently under construction in Rialto. The non-recourse ...
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• Community Preservation Partners Buys 44-Unit Affordable Housing Project in Palm Springs
CPP (Community Preservation Partners) acquired Sunnyview Villa, a 44-unit affordable housing property in Palm Springs. The community, located at 2950 N. Indian Canyon Rd in North Palm Springs near the historic Racquet Club We...
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• BDK Logistics Intelligence Leases 114k sf Inland Empire Industrial Facility
BDK Logistics Intelligence Inc has signed a lease for an entire 114.2k sf industrial facility at 1161 Olympic Dr in Corona. Terms of the deal were not disclosed. 1161 Olympic Drive is a freestanding building situated on 4.8 ...
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• $286 Mil Ontario Industrial Lease Recognized as SIOR Largest Transaction for 2022
The DAUM Commercial Real Estate Services team of Gus Andros, SIOR, Eric Fikse, SIOR, and Richard John, SIOR, has won the Society of Industrial and Office Realtors (SIOR) Top Transaction Award for the Largest Transaction Overa...
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• Beverly Hills Investor Exchanges into Trio of Temecula Industrial Buildings
A Beverly Hills-based 1031 exchange investor spent $13.55 mil on three buildings totaling 68.1k sf of space in the Highland Business Center in Temecula. The properties were sold by Providence Real Estate Group. The three bui...
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• Rockefeller Group Picks Up 14 Acres in the Inland Empire for Distribution Development
Rockefeller Group has acquired 14 acres in Perris, CA and will develop a 259k sf distribution center on the land. The project, Patterson Commerce Center, will be located adjacent to Optimus Logistics Center, a 1.4 msf, two-b...
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• LBA realty Spends $37 Mil on Inland Empire Industrial Facility
LBA Realty purchased a 96.5k sf industrial building located on 4.7 acres of land in Fontana for $37 mil ($383/sf). The property, located at 16355-16381 Slover Ave, was sold by Newcastle Partners. Newcastle completed construc...
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• Investor Pays $252k/Unit for Fontana Apartment Building
A 25-unit multifamily community in Fontana sold for $6.3 mil, or $252k/unit. Built in 1973, the property is located at 8919 Mango Ave. It offers a mix of one-bedroom, two-bedroom (townhouse-style), and three-bedroom floorpla...
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