Jerry Goldenson Of KHS America Sells Industrial Facility In Corona For $12.6M

The transaction involved a sale of an industrial asset located at 1240 Quarry Street in Corona, California. The property comprises 45,318 square feet and spans 2.15 acres. The sale price was set at $12,600,000, equating to approximately $278 per square foot, reflecting the increased demand for quality industrial facilities in the Inland Empire market.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $12,600,000
• Address: 1240 Quarry Street
• Market: Corona
• Square Footage: 45,318
• Price per Square Foot: $278
• Seller: Jerry Goldenson - KHS America
• Buyer's Representative: Alex Davis & Ryan Athens - CBRE
• Seller's Representatives: Brad Yates, Stefan Pastor & Nick Mercurio - Stream Realty Partners
• Acres: 2.15

Stream Realty Partners facilitated the sale, which allowed the seller to execute a reverse 1031 exchange. The involvement of brokers from CBRE for the buyer's side signifies the collaboration between firms in the pursuit of quality industrial properties in the region.