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12/16/25
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L.A.-based Oak Park Investments has purchased a 223.8k sf, Class A distribution facility in Corona in a sale-leaseback deal. The property, built in 1991 and located at 1851 California Ave, just west of I-15 between Ontario and Magnolia Aves, was acquired in a partnership with Walker & Dunlop Investment Partners. The price was not disclosed.
Situated on over 10 acres, the building features 2,000 amps of power, 28- to 32-foot clear heights, 100% HVAC coverage, 197 parking stalls, and a fully secured concrete truck court. The site offers direct visibility from Interstate 15 and immediate access to the Interstate 15 and State Route 91 interchange, positioning it within reach of more than 14 million people in a 50-mile radius.
Michael Longo, Eric Cox, Kevin Foley and Ryan Foley with CBRE represented the seller. The buyer repped itself in the transactionf. The financing was arranged by CBRE Debt & Structured Finance, led by Shaun Moothart and Bob Ybarra. According to CBRE research, Corona ranks among the Inland Empire’s top-performing industrial submarkets, with one of the lowest vacancy rates in the region, at 5.8%.
“While certain areas of the Inland Empire are grappling with elevated new supply and softness, the Corona submarket remains extremely healthy with no new product under construction or planning,” noted Brian Cornell at Walker & Dunlop Investment Partners.
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