Cobblestone Properties, LLC Acquires Industrial Property In Murrieta, CA For $6.8M

The industrial property located at 38415 Innovation Court in Murrieta, CA has been sold. Spanning across 2.24 acres, the property offers a total of 36,000 square feet. The transaction took place on October 4, 2022, with a sale price of $6,800,000. This amounts to a price per square foot of $189. The buyer of the property is Cobblestone Properties, LLC, while the seller is Flying Elk Enterprises, LLC. The deal was facilitated by broker Carey Pastor from Coldwell Banker Commercial SC.

Summary of transation details

• Property Type: Industrial
• Transaction Amount: $6,800,000
• Address: 38415 Innovation Court, Murrieta, CA
• Market: Murrieta, CA
• Acres: 2.24
• Square Feet: 36,000
• Price per Square Foot: $189
• Buyer: Cobblestone Properties, LLC
• Seller: Flying Elk Enterprises, LLC
• Broker: Carey Pastor - Coldwell Banker Commercial SC

This deal highlights the collaborative effort between Cobblestone Properties, LLC and Flying Elk Enterprises, LLC in the purchase and sale of the industrial property. The involvement of broker Carey Pastor from Coldwell Banker Commercial SC played a crucial role in facilitating the transaction. The successful completion of this deal showcases the potential of the industrial market in Murrieta, CA.