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

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This Industrial property located in CA was sold for $123,700,000 over 4 years ago. The brokers of the deal were Kevin McKenna, David Consani, Eric Cox, Brett Hartzell, Rebecca Perlmutter Finkel, Barbara (Emmons) Perrier, and Darla Longo

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.

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Deals
  • Location
    490 Columbia Avenue, Riverside, CA, USA490 Columbia Avenue, Riverside, CA, USA
  • Sale Price
    $123,700,000$123,700,000
    $123 PPSF$123 PPSF
  • Area
    1,000,000 SF1,000,000 SF
  • Asset Type
    IndustrialIndustrial
  • Parties
    7 Brokers, 2 Agencies7 Brokers, 2 Agencies

Agents

Rebecca Perlmutter Finkel

Rebecca Perlmutter Finkel

Deals9
Sold$595.7M

Eric Cox

Eric Cox

Deals7
Sold$562.7M

David Consani

David Consani

Deals1
Sold$123.7M

Brett Hartzell

Brett Hartzell

Deals5
Sold$343.9M

Darla Longo

Darla Longo

Deals15
Sold$1.1B

Agencies

Colliers International

Colliers International

Agency
Deals1674
Volume$36.2B

CBRE

CBRE

Agency
Deals4231
Volume$184.3B

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Deal Summary

SALE IMAGE: Darla Longo, Barbara Perrier, Brett Hartzell & Kevin McKenna DATE: 08/15/2019 ADDRESS: 490 Columbia Avenue MARKET: Riverside ASSET TYPE: Industrial PRICE: $123,700,000 SF: 1,000,000 PPSF: $123.7 SELLER: Washington Capital Management BUYER: ASB Real Estate Investments BROKERS: Darla Longo, Barbara Perrier, Rebecca Perlmutter, Brett Hartzell, Eric Cox and David Consani - CBRE, Kevin McKenna - Colliers International

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