Press Release brought to you by Lee & Associates

AIRWaves Newsletter: Larry Null Closes Corona Sales for Aggregate $12.2 Million

04/16/2015
Larry Null,  SIOR, Senior Vice President of Lee & Associates-Riverside, reports the sale of two industrial properties in Corona for an aggregate consideration of $12.2 million.

The first transaction was the sale of a 40,260 square foot industrial building at 1121 California Ave. in Corona for $4 million.  The buyer is an investor who was in a 1031-X transaction, Null said.  The seller agreed to a 13-month leaseback in order to make the deal attractive to an investor and to provide time for an orderly move, he added.  The seller is GWS Properties, LLC, aka Golden West Surplus, an e-waste recycler. 

A bit later, Null closed escrow on a replacement for the California Ave. building with GWS as the buyer, an 80,480 square foot building at 1691 Delilah St. in Corona, for $7.8 million in an “off-market” deal.  No other brokers were involved in either transaction.

http://www.airea.com/AIRWAVES/airwaves20150416.htm
04/16/2015 - 09:00

Source

Lee & Associates

Want more news about Lee & Associates? Click here