February 13, 2018 Comments (0) Views: 567 California News, Inland Empire

CBRE Handles Corona Industrial Sale

Newport Beach, CA-based Alere Property Group LLC acquired an industrial property in Corona, CA, from 66 River Partnership LP for $12.1 million. The 81,000-square-foot building, located at 200 River Rd., is a state-of-the-art manufacturing and distribution facility.

CBRE’s Tom McAllister, Rebecca Perlmutter and Darla Longo represented the buyer. CBRE also represented the seller, a California-based developer.

McAllister says, “I know this property very well, as I originally sold the land to the developer and helped to lease it to the current tenant.”

The 4.32-acre site is located near the 91/15 freeway interchange. The building features 28-foot clearance, ESFR sprinklers, heavy power and 11 dock high loading doors.

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