Paul Fuhrman Of Miramar Capital Acquires Serrano Industrial Park From PreZero For $86M

The transaction involves an industrial asset located at 4350, 4388 & 4420 Serrano Drive, Jurupa Valley, California. The property consists of a total square footage of 332,725 and was sold for a price of $86,000,000, resulting in a price per square foot of $258.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $86,000,000
• Square Footage: 332,725
• Address: 4350, 4388 & 4420 Serrano Drive
• Market: Jurupa Valley
• Buyer: Paul Fuhrman - Miramar Capital
• Seller: PreZero
• Broker Representatives: Darla Longo, Erik Wanland & Joe Cesta - CBRE
• Price Per Square Foot: $258

CBRE facilitated the sale of the Serrano Industrial Park, with Joe Cesta, Darla Longo, and Erik Wanland representing the seller, PreZero. The asset features heavy power and secure truck courts, addressing the demand in the Inland Empire despite market challenges.