Intersection Equities, LLC has acquired Riverside Business Park, a 122,000 square foot industrial business park located at 2902 Rubidoux Boulevard in Jurupa Valley, CA. The sale price for this transaction was $19.5 million, resulting in a price per square foot of $160. The property spans 8.9 acres and is part of the Industrial asset class.

Summary of transation details

• Property Type: Industrial
• Transaction Amount: $19,500,000
• Address: 2902 Rubidoux Boulevard, Jurupa Valley, CA
• Market: Jurupa Valley
• Acres: 8.9

The buyers in this transaction were Intersection Equities, LLC, represented by Eric DeWees & Anton Myskiw, and Blue Vista Capital Management, LLC, represented by Robert G. Byron. The seller was Transition Properties, L.P. The deal was facilitated by brokers Stefan Pastor from Stream Realty Partners and Barret Woods from Lee & Associates.

The acquisition of Riverside Business Park aligns with Intersection Equities, LLC's strategy to invest in industrial assets with value-add potential. They plan to carry out improvements to attract tenants and further enhance the property's value.