Black Creek Group Acquires Industrial Property In Rancho Cucamonga For $24.5M

The industrial property located at 9180 Center Ave. in Rancho Cucamonga has been sold in a transaction facilitated by Clyde Stauff and Jace Gan of Colliers. The asset spans a total area of 102,516 square feet and was purchased by Black Creek Group from Competition Specialties for a sale price of $24,500,000. This translates to a price per square foot of $238.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $24,500,000
• Address: 9180 Center Ave.
• Market: Rancho Cucamonga
• Square Footage: 102,516
• Buyer: Black Creek Group
• Seller: Competition Specialties
• Brokers: Clyde Stauff & Jace Gan - Colliers

In this transaction, Clyde Stauff and Jace Gan of Colliers represented the buyer, Black Creek Group. The involvement of these brokers highlights their role in negotiating and finalizing the deal. The transaction was recorded on July 27, 2021, making this a recent closed sale in the industrial market of Rancho Cucamonga.