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

490 Columbia Avenue

Industrial
1,000,000 SF
clock iconSold 1 year ago
Rebecca Perlmutter Finkel
Kevin McKenna
Eric Cox
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Summary

Sale
CALIFORNIA
Industrial
1,000,000 sqft

ASB Real Estate Investments has recently acquired an industrial property in Riverside for a whopping $123.7 million. The property, located at 490 Columbia Avenue, spans across 1,000,000 square feet. The transaction took place on August 15, 2019, and the purchase price equates to approximately $123.7 per square foot.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $123,700,000
  • Address: 490 Columbia Avenue
  • Market: Riverside
  • Square Footage: 1,000,000

The seller of the property was Washington Capital Management, while ASB Real Estate Investments became the new owner. The transaction was facilitated by a team of brokers from CBRE and Colliers International. Darla Longo, Barbara Perrier, Rebecca Perlmutter, Brett Hartzell, Eric Cox, and David Consani represented CBRE in the deal, while Kevin McKenna represented Colliers International.

Players

  • All

    9

  • Agents

    7

  • Agencies

    2

Rebecca Perlmutter Finkel's profile picture
Rebecca Perlmutter Finkel
CBRE-image
Executive Vice President
$802.4M Sold
Eric Cox's profile picture
Brett Hartzell's profile picture

Details

Deal Summary
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SOLD
IMAGE: Darla Longo, Barbara Perrier, Brett Hartzell & Kevin McKenna DATE: 08/15/2019 ADDRESS: 490 Columbia Avenue MARKET: Riverside ASSET TYPE: Industrial PRICE: $123,700,000 SF: 1,000,000 PPSF: $123.7.7 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

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Address490 Columbia Avenue

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