Daum Brokers Inland Empire 113 KSF Industrial Buys
ByDaum Commercial Real Estate Services brokered two industrial acquisitions in the Inland Empire for more than $13.1 million. The properties in Corona and Ontario, Calif., total 112,671 square feet.
Local developer Excel Business Park LLC acquired a 68,394 square-foot building in Corona, Calif., from Newport Trading LLC for $7.5 million. Located on a 157,252-square-foot lot at 1228 Sherborn St., the property is currently fully vacant after furniture distribution company Somerton Dwelling recently relocated. The buyer plans to complete interior and exterior upgrades within the next week. Daum will handle leasing for the property, which is well-suited for warehousing and distribution and could also be easily adapted to light manufacturing. The property features six dock-high loading doors, 2,000 amps of power and a fully installed high-pile racking system. The asset has convenient access to Interstate 15 and State Route 91…
