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Investors Trade Corona Industrial Bldg for $12.1M

CBRE Brokers Sale of 81,000-SF Facility
February 9, 2018
CA-based industrial investment firm Alere Property Group LLC purchased the industrial facility at 200 River Rd. in Corona, CA from property developer 66 River Partnership LP for $12.1 million, or about $149 per square foot.

The 81,000-square-foot, single-story industrial building delivered in 2015 on 4.3 acres in Riverside County. The property features 5,500 square feet of office space as well as 11 dock-height doors, two grade-level doors, 28-foot clear heights, heavy power and ESFR fire protection. The asset is fully leased to a single tenant.

Tom McAllister, Rebecca Perlmutter and Darla Longo of CBRE represented both the seller and the buyer in the sale.

Please see CoStar COMPS #4130954 for more information on this transaction.
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