ASB Real Estate Investments Acquires Industrial Property In Riverside For $123.7M

The asset involved in this transaction is an industrial property located at 490 Columbia Avenue in Riverside, commanding a transaction price of $123,700,000. The property encompasses a total area of 1,000,000 square feet, resulting in a price per square foot of $123.7.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $123,700,000
• Address: 490 Columbia Avenue
• Market: Riverside
• Square Footage: 1,000,000
• Price per Square Foot: $123.7
• Seller: Washington Capital Management
• Buyer: ASB Real Estate Investments
• Brokers: Darla Longo, Barbara Perrier, Rebecca Perlmutter, Brett Hartzell, Eric Cox and David Consani - CBRE, Kevin McKenna - Colliers International

This transaction was facilitated by a team of brokers, including Darla Longo, Barbara Perrier, Rebecca Perlmutter, Brett Hartzell, Eric Cox, and David Consani from CBRE, along with Kevin McKenna from Colliers International, highlighting a collaborative effort from multiple representatives in the real estate sector.