Guangming Jin Acquires 150,000 SF Warehouse In Hesperia For $12M

A 150,000 sq ft warehouse located at 8787 Caliente Road in Hesperia, Inland Empire, was sold for $12 million last month. The sale price equates to $80 per sq ft. The transaction involved an industrial property situated on a 12-acre parcel of land. The warehouse, built in 1985, is strategically positioned north of the U.S. Route 395 and Interstate 15 junction amid a cluster of industrial assets. It is currently occupied by Sage Hill Northwest Inc., a hay exporter.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $12,000,000
• Square footage: 150,000 sq ft
• Price per square foot: $80
• Address: 8787 Caliente Road, Hesperia
• Market: Hesperia, Inland Empire
• Acres: 12

The buyer, Guangming Jin, acquired the property through an entity affiliated with them. The seller, Michael Davidson, was represented in the transaction. The deal involved a 150,000 sq ft warehouse, strategically located in Hesperia's industrial market. Sage Hill Northwest Inc. currently occupies the 1985-built warehouse, which sits on a 12-acre plot of land. The transaction was completed last month, with the warehouse selling for $12 million at a price of $80 per sq ft.