February 13, 2018
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.
For comments, questions or concerns, please contact Dennis Kaiser