The asset involved in this transaction is a development site located at 19000 Cordova Road in Apple Valley. The property was sold for a total transaction amount of $22,600,000. Covering an area of 93.1 acres, the site has a building square footage of 1,373,150 and a price per building square foot of $16. The overall square footage stands at 4,055,436 with a price per square foot of $5.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $22,600,000
• Building Square Footage: 1,373,150
• Price per Building Square Foot: $16
• Total Square Footage: 4,055,436
• Price per Square Foot: $5
• Buyer: Loctek
• Seller: Yashaar Amin, Colby Cyburt, John Pomer & Benjamin Gott
• Brokers: Barbara Perrier & Darla Longo - CBRE
• Date of Sale: 3/19/2025

The transaction involved a joint venture between Arch Anchor and Redwood West, who successfully acquired, entitled, and sold the industrial development site that is now planned for a 1.4 million square foot distribution center. This site is located in the Inland Empire North submarket of Apple Valley.