SOLD
Corona Lakeside Logistics Center Sold In Largest Transfer In Inland Empire History
1501 Sherborn Street
Industrial
730,000 SF
730,000 SF
Sold 354 days ago
Summary
Sale
CALIFORNIA
Industrial
730,000 sqft
The Corona Lakeside Logistics Center, a ±730,000 square-foot industrial portfolio located at 1501 Sherborn St in Corona, CA 92879, has been sold for nearly $325 million. This Class A logistics campus, consisting of five buildings, was acquired by a foreign-based institution from Kearny Real Estate Company. The transaction marks the largest ground-lease ownership transfer in the Inland Empire history, as well as one of the largest in Southern California.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $325,000,000
- Units: ~
- Price per Unit: Infinity
- Square Footage: 0
- Price per Square Foot: Infinity
Colliers facilitated the sale of the Corona Lakeside Logistics Center on behalf of the seller, Kearny Real Estate Company. The buyer was represented by their own broker, and there were no other brokers involved in the transaction.
Players
All
6
Agents
5
Agencies
1
Details
SOLD
IMAGE: 2023-05-01
ADDRESS: 1501 Sherborn St Corona, CA 92879, USA
MARKET:
ASSET TYPE: Industrial
BUYER:
SELLER:
BUYER'S REP:
SELLER'S REP:
BROKERS:
SALE PRICE: 325000000.0
UNITS: ~ PPU: Infinity$
SF: 0 PPSF: Infinity$
NOTE: Colliers announced the sale of Corona Lakeside Logistics Center, a ±730,000 square-foot industrial portfolio in Riverside County's Inland Empire submarket, for nearly $325 million. The buyer, a foreign-based institution, acquired the five-building Class A logistics campus from Kearny Real Estate Company, marking the largest ground-lease ownership transfer in Inland Empire history and one of the largest in Southern California.View on map
Loading...
Address1501 Sherborn Street
Comparables
Reset filters to show results.
Contact
Get in touch with the broker you want