ASB Real Estate Investments Acquires Industrial Property In Riverside For $123.7M

ASB Real Estate Investments has recently acquired an industrial property in Riverside for a whopping $123.7 million. The property, located at 490 Columbia Avenue, spans across 1,000,000 square feet. The transaction took place on August 15, 2019, and the purchase price equates to approximately $123.7 per square foot.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $123,700,000
• Address: 490 Columbia Avenue
• Market: Riverside
• Square Footage: 1,000,000

The seller of the property was Washington Capital Management, while ASB Real Estate Investments became the new owner. The transaction was facilitated by a team of brokers from CBRE and Colliers International. Darla Longo, Barbara Perrier, Rebecca Perlmutter, Brett Hartzell, Eric Cox, and David Consani represented CBRE in the deal, while Kevin McKenna represented Colliers International.