July 24, 2020
Orange County-based Condor Cold Storage and AEW Capital Management received $8.6 million in financing for the purchase of a cold storage facility in Corona. Located at 300 El Sobrante Rd. and 1701 N. Delilah St., the property is comprised of two buildings totaling 98,949 square-feet. The asset is 100% occupied by Latitude 36 Foods, the leading supplier of salad condiments to the fresh-cut produce industry.
CBRE’s Shaun Moothart, Bruce Francis, Robert Ybarra, Dana Summers, Doug Birrell and Jim Korinek facilitated the loan on behalf of the borrower, a JV between Condor and AEW. Condor is a division of real estate investment firm Brookhollow.
The property features 24-foot clear heights and a combination of office, food packaging, cooler distribution, and dry storage facilities. It is strategically located adjacent to the I-15 and SR 91 interchange, providing immediate access to Orange, Riverside and Los Angeles Counties.
For comments, questions or concerns, please contact Dennis Kaiser