Brookfield Properties Acquires Industrial Property In West Inland Empire For $13.85M

11171 Venture Dr. in West Inland Empire has been sold in an industrial transaction. The property, spanning 61,536 square feet, was sold for a price of $13,850,000, resulting in a price per square foot of $225. The sale took place on August 30, 2021.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $13,850,000
• Address: 11171 Venture Dr.
• Market: West Inland Empire

The buyer of the property was Brookfield Properties, while the seller was Jon Richards. The transaction was facilitated by Shy Assar and Mike Hefner from oitRealEstate.

Note: No further details were provided regarding the deal.