Lake Creek Industrial Acquires Apple Valley Industrial Property For $19.1M

The industrial property located at the northwest corner of Corwin Rd & Central Rd in Apple Valley has been sold. The transaction was facilitated by Ian Armbruster, Brad Yates, and Stefan Pastor from Stream Realty Partners⁠, representing both the buyer and the seller. The property was purchased by Lake Creek Industrial from Mike Harrison and Safai Ross.

Summary of transaction details

• Property Type: Industrial
• Sale Price: $19,147,500
• Square Footage: 9,117,543
• Price Per Square Foot: $2
• Date: 04/07/2023
• Address: NW corner of Corwin Rd & Central Rd, Apple Valley
• Market: Apple Valley

This deal was a significant transaction in the industrial market. Stream Realty Partners⁠, represented by Ian Armbruster, Brad Yates, and Stefan Pastor, facilitated the sale between Lake Creek Industrial and Mike Harrison and Safai Ross. The property, with a total area of 9,117,543 square feet, was sold for a price of $19,147,500, resulting in a price per square foot of $2.