Xebec Realty Partners Acquires 9.54-Acre Development Site In Redlands, CA For $29.5M

Xebec Realty Partners has acquired a 9.54-acre development site located at 77 Almond Ave in Redlands, California. The transaction took place on May 4, 2023, with the property being purchased for a total of $29.5 million.

Summary of Transaction Details:

• Property Type: Development Site
• Sale Price: $29,500,000

The acquired site is set to undergo development for an industrial project. Xebec Realty Partners plans to construct a 208,000-square-foot warehouse, including a 3,000-square-foot mezzanine and 6,000 square feet of office space. The warehouse will feature 24 dock-high doors and provide 161 parking spaces.

Xebec Realty Partners specializes in the acquisition, development, and management of industrial real estate across the United States. The San Bernardino County Planning Commission granted approval for the project in March, paving the way for Xebec Realty Partners to proceed with their plans.