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LBA Realty Acquires Inland Empire Manufacturing / Distribution Facility

AMA Plastics / Westfall Technik, Inc. Sells Property for $20.2M
May 18, 2018
LBA Realty purchased the industrial building at 1100 Citrus St. in Riverside, CA for $20.2 million, or about $130 per square foot, from AMA Plastics.

In connection with the sale, AMA Plastics has agreed to lease back the entire building for a term of 10 years, citing the company's plan to continue utilizing the property as its corporate headquarters.

Built in 2007, the facility features 12 loading docks and one drive-in, a 32-foot clear height, secure truck court, 16,000 square feet of built-out office space, 3,000-amp heavy power, ESFR sprinkler system and full drive-around access. The property also offers access to Interstate 215 within one mile of the property.

Jeff Chiate, Rick Ellison and Mike Adey of Cushman & Wakefield represented the seller. The buyer handled the sale in-house.

Please see CoStar COMPS #4235978 for more information on this transaction.
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