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Riverside Office Sells for $1M

California Psychcare, Inc. purchased the Holstein Professional Building at 4300 Latham St. in Riverside, CA from private owners for $1 million, or about $80 per square foot.

Built in 1986, the three-story office property totals 12,481 square feet and sits on 0.69 acres in the Riverside submarket. The facility was vacant at time of sale, but the buyer will occupy the second and third floors of the property, which total 8,321 square feet.

Jennifer…

via Inland Empire Commercial Real Estate News From CoStar Group http://ift.tt/1jgIovz

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8.8 Acre REO Land Sells for $3.6M

CT Realty Investors purchased the 8.8-acre lot at 15996 Jurupa Ave. in Fontana, CA for $3.6 million from ATC Realty One LLC in an REO sale following a foreclosure in 2012.

The buyer plans to build an industrial building between 180,000 and 200,000 square feet there.

The land is located at the northeast corner of Catawba Ave. in the Airport Area submarket of San Bernardino County.

Thomas Taylor, Steven Bellitti, Summer Coulter, Joshua Hayes…

via Inland Empire Commercial Real Estate News From CoStar Group http://ift.tt/1jgIlQy

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Ashley Furniture Leases 75,000-SF in Colton

Ashley Furniture Industries, Inc. has signed a three-year lease for 75,377 square feet of industrial space at 1501 Cooley Dr. in Colton, CA.

Built in 2004, the building totals 123,711 square feet on 7.4 acres in the East San Bernardino submarket, part of the Cooley Ranch Business Park at the southwest corner of the 10 and 215 Freeways. Ashley Furniture will share the building with Banner Mattress Company.

Tal Siglar and Mark Zorn of Colliers…

via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Ashley-Furniture-Leases-75000-SF-in-Colton/154460?ref=/News/Article/Ashley-Furniture-Leases-75000-SF-in-Colton/154460&src=rss

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Norco Retail Acquired for $4.4M

Barrett Heritage LLC purchased the retail building at 3699 Hamner Ave. in Norco, CA from Hunt Electronic USA, Inc. for $4.41 million, or approximately $340 per square foot, in an auction sale.

Built in 2005, the building totals 12,954 square feet on 1.2 acres, part of the Norco Freeway Retail Center, located at the southeast corner of 6th St., west of the 15 Freeway. Consisting of ten retail spaces, the asset was 90 percent leased at the time…

via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Norco-Retail-Acquired-for-$44M/154459?ref=/News/Article/Norco-Retail-Acquired-for-$44M/154459&src=rss

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Norco Retail Acquired for $4.4M

Barrett Heritage LLC purchased the retail building at 3699 Hamner Ave. in Norco, CA from Hunt Electronic USA, Inc. for $4.41 million, or approximately $340 per square foot, in an auction sale.

Built in 2005, the building totals 12,954 square feet on 1.2 acres, part of the Norco Freeway Retail Center, located at the southeast corner of 6th St., west of the 15 Freeway. Consisting of ten retail spaces, the asset was 90 percent leased at the time…

via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Norco-Retail-Acquired-for-$44M/154459?ref=/News/Article/Norco-Retail-Acquired-for-$44M/154459&src=rss

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Post Plaza Sold for $1.3M

Hammer Insurance Services, Inc. purchased the flex building at 9225 Charles Smith Ave. in Rancho Cucamonga, CA for $1.25 million, or about $112 per square foot, from a private trust.

Built in 2001, Post Plaza totals 11,124 square feet on almost three-quarters of an acre at the southeast corner of 6th St., with frontage on the 15 Freeway. The buyer is an owner/user and will be operating its insurance business at the subject property.

James Panting…

via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Post-Plaza-Sold-for-$13M/154317?ref=/News/Article/Post-Plaza-Sold-for-$13M/154317&src=rss

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Palm Desert Flex Bldgs Sold for $3.3M

Renken & Co. purchased two flex properties at 77622 Country Club Dr. in Palm Desert, CA for $3.3 million, or about $100 per square foot, from a private trust.

Built in 1988, the two buildings total 32,910 square feet on approximately 2.2 acres located at the northeast corner of Park Center Dr., part of the Country Club Business Park. The two assets were 97 percent occupied at the time of sale.

Steve Metzler of Industrial West, Inc. represented…

via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Palm-Desert-Flex-Bldgs-Sold-for-$33M/154315?ref=/News/Article/Palm-Desert-Flex-Bldgs-Sold-for-$33M/154315&src=rss

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Murrieta Retail Trades for $1.2M

Tuff Shed, Inc. purchased the retail building at 41034 Elm St. in Murrieta, CA for $1.18 million, or about $247 per square foot, from Monte Di Villa LLC. The buyer, a storage building and garage manufacturer, will be using the property.

Built in 2002, the building totals 4,750 square feet and sits on 3.4 acres located at the southwest corner of Monroe Ave. with freeway frontage west of the I-15.

Jon Friesen and Brian Bielatowicz of Lee & Associates…

via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Murrieta-Retail-Trades-for-$12M/154314?ref=/News/Article/Murrieta-Retail-Trades-for-$12M/154314&src=rss

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Colton Retail Sells for $3.6M

Outdoor Food Court LLC purchased the retail building at 1175 S. Mt. Vernon Ave. in Colton, CA for $3.6 million, or about $35 per square foot. The buyer plans to reconfigure the former Kmart store to become a multi-tenant retail building.

Built in 1991, the property totals 104,231 square feet on 8.6 acres located in the Cooley Ranch area off the 215 Freeway, just south of the 10 Freeway and across the street from Wal-Mart.

Jorge Yamzon and…

via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Colton-Retail-Sells-for-$36M/154414?ref=/News/Article/Colton-Retail-Sells-for-$36M/154414&src=rss

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Murrieta Retail Trades for $1.2M

Tuff Shed, Inc. purchased the retail building at 41034 Elm St. in Murrieta, CA for $1.18 million, or about $247 per square foot, from Monte Di Villa LLC. The buyer, a storage building and garage manufacturer, will be using the property.

Built in 2002, the building totals 4,750 square feet and sits on 3.4 acres located at the southwest corner of Monroe Ave. with freeway frontage west of the I-15.

Jon Friesen and Brian Bielatowicz of Lee & Associates…

via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Murrieta-Retail-Trades-for-$12M/154314?ref=/News/Article/Murrieta-Retail-Trades-for-$12M/154314&src=rss