Private Family Office Sells Rancho Cucamonga Office Asset For $11.4M

The property involved in the transaction is located at 10134 6th St, Rancho Cucamonga, CA. It is categorized as an office asset. The property was fully leased at the time of sale and encompasses a total area of 42,119 square feet. The transaction was completed for a total price of $11,400,000.00, which equates to $271 per square foot in the Rancho Cucamonga market.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $11,400,000.00
• Address: 10134 6th St, Rancho Cucamonga, CA
• Square Footage: 42,119
• Market: Rancho Cucamonga
• Seller's Representative: Nick Miller - Bright Realty
• Buyer: Private Family Office

In this transaction, Nick Miller and Shaun Riley from Faris Lee Investments represented the seller. The buyer, identified as a Los Angeles-based family office, acquired the property from a private family office based out of Riverside County, California. The deal included the transfer of ownership for the Hermosa Technology Center, known as an incubator industrial park, situated at the intersection of Hermosa Avenue and Sixth Street.