Edward Michino & Jed Enomoto Of NAI Capital Commercial Represent Buyer In $21.45M Office Sale

The property asset involved in this transaction is a fully leased office building located at 9337 Milliken Avenue in Rancho Cucamonga, California. The sale price was $21,450,000, and the building encompasses 47,720 square feet, resulting in a price per square foot of $449. The property sits on 4.33 acres of land.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $21,450,000
• Address: 9337 Milliken Avenue
• Market: Rancho Cucamonga
• Square Footage: 47,720
• Price per Square Foot: $449
• Seller: Citizens Business Bank
• Buyer's Representative: Edward Michino & Jed Enomoto - NAI Capital Commercial
• Seller's Representative: KW Commercial
• Acres: 4.33

The deal was facilitated by Edward Michino and Jed Enomoto of NAI Capital Commercial, who represented a private investor in a 1031 exchange. The sale-leaseback agreement includes a 10-year corporate-guaranteed lease, ensuring stable cash flow for the buyer in a prime Inland Empire location.