Centerpoint Properties Acquires Industrial Property In Inland Empire For $15.25M | 535 East Tennis Court Lane | David Bales, Remington "Remy" Moses | Industrial | Sale

Summary

Sale

CALIFORNIA

Industrial

92,000 sqft

The industrial property located at 535 E. Tennis Court Lane in the Inland Empire was recently sold in a closed transaction. The property spans 92,000 square feet and is situated in a prime location.

Summary of transaction details

Property Type: Industrial
Transaction Amount: $15,250,000
Square Footage: 92,000
Price per Square Foot: $165
Market: Inland Empire
Buyer: Centerpoint Properties
Seller: Partner's Capital Inc. - Mark Blumenthal & Robhana Group
Buyer's Representatives: Remy Moses & David Bales

The sale was facilitated by Remy Moses and David Bales, who represented the buyer, Centerpoint Properties. The seller, Partner's Capital Inc., in collaboration with Robhana Group, acquired the property in 2017 through an off-market 1031 exchange. This transaction played a significant role in expanding Partner's Capital Inc.'s portfolio in the industrial property sector. According to Remy Moses, this property was a standout choice for industrial building investors.

Players

All
3

Agents
2
Agencies
1

David Bales

Principal

$45.2M Sold

Remington "Remy" Moses

$83.7M Sold

Lee & Associates

Details

Deal Summary

SOLD

IMAGE: Remy Moses, Mark Blumenthal & David Bales DATE: 09/16/2021 ADDRESS: 535 E. Tennis Court Lane MARKET: Inland Empire ASSET TYPE: Industrial BUYER: Centerpoint Properties SELLER: Partner’s Capital Inc. - Mark Blumenthal (@IShowMyPics) & Robhana Group BUYER’S REP: Remy Moses (@RemingtonMoses) & David Bales SALE PRICE: $15,250,000 SF: 92,000 ~ PPSF: $165 NOTE: Spearheaded by Partner's Capital Inc., in conjunction with Robhana Group, the Property was originally acquired in 2017 as part of a 1031 exchange in an off-market transaction. While Partner's Capital Inc. now has a lengthy track-record of investing & unlocking value within Industrial Properties, this asset represented the third-ever industrial investment of PCI. Remy Moses famous quote, "If you're into buying industrial buildings, you buy this property" provided the final push for Partner's Capital & Robhana to close the transaction in 2017.

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Address535 East Tennis Court Lane

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