UBS Realty Acquires Industrial Property In Pomona For $32M

The industrial property located at 1400 E. Phillips Boulevard in Pomona has been sold in a closed transaction. The property spans approximately 49,800 square feet and is situated in the Pomona market. The sale took place on 01/17/2019, with an agreed-upon price of $32,000,000, resulting in a price per square foot of $642.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $32,000,000
• Square Footage: 49,800
• Price per Square Foot: $642
• Address: 1400 E. Phillips Boulevard, Pomona
• Market: Pomona

The buyer in this transaction is UBS Realty, and the seller is Overton Moore Properties. The sale was facilitated by the broker, Jason Chao, from CBRE.