Updated Nov 9, 2026
SOLDIndustrial
Ashley Powell Of Property Reserve Acquires Industrial Asset From Joe Mishurda For $63.3M In Redlands
1101 California Street
$63,300,000
$177/SF
Building Size
356,791 SF
Asset Type
Industrial
Closing
Oct 28, 2026
About this deal
AI
The property asset involved in this transaction is an industrial facility located at 1101 California Street in Redlands, CA, encompassing 17 acres. The asset spans 356,791 square feet and was sold for a transaction amount of $63,300,000, equating to a price per square foot of $177. The warehouse is newly completed, featuring 40-foot clear heights and 47 dock-high doors.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $63,300,000
- Address: 1101 California Street
- Market: Redlands, CA
- Asset Size: 356,791 SF
- Price Per Square Foot: $177
- Buyer: Ashley Powell - Property Reserve
- Seller: Joe Mishurda - North Palisade Partners
In this transaction, Ashley Powell, representing Property Reserve, which is the real estate investment arm of The Church of Jesus Christ of Latter-day Saints, acquired the property from Joe Mishurda, affiliated with North Palisade Partners. The sale was noted to be approximately 23% below the average industrial sale price per square foot in the Inland Empire for the third quarter of 2026.
On the Map
$63,300,000
$177/SF
Industrial
View full map
Players
Redlands Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Joe Mishurda to view all their deals.
Browse Redlands industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93