Updated Sep 11, 2026
Corona Lakeside Logistics Center Sold In Largest Transfer In Inland Empire History
1501 Sherborn St Corona, CA 92879, USA
$325,000,000
$445/SF
Building Size
730,000 SF
Asset Type
Industrial
Closing
May 1, 2023
About this deal
AI
The Corona Lakeside Logistics Center, a ±730,000 square-foot industrial portfolio located at 1501 Sherborn St in Corona, CA 92879, has been sold for nearly $325 million. This Class A logistics campus, consisting of five buildings, was acquired by a foreign-based institution from Kearny Real Estate Company. The transaction marks the largest ground-lease ownership transfer in the Inland Empire history, as well as one of the largest in Southern California.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $325,000,000
- Units: ~
- Price per Unit: Infinity
- Square Footage: 0
- Price per Square Foot: Infinity
Colliers facilitated the sale of the Corona Lakeside Logistics Center on behalf of the seller, Kearny Real Estate Company. The buyer was represented by their own broker, and there were no other brokers involved in the transaction.
On the Map
$325,000,000
$445/SF
Industrial
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Los Angeles Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.05%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93