$2.3 Million Industrial Sale Completed by Lee & Associate Broker Teams
Allen C. Buchanan and Joshua K. Harper of the Lee & Associates Orange office, Edward Indvik and Mark Larson of the LA Investment Services Group, and Andrew Peake from the Riverside office, all represented both parties in this transaction. The seller, Milkmade Ventures, LLC, sold a 32,387 square foot industrial building to the buyer, TTR Partners, for $2,325,000 or $71.79 per square foot.
The property known as Arlington Professional Building is located at 3576 Arlington Avenue in Riverside, CA. At the time of the sale, it was currently 80% occupied with 13 tenants in 21 units which range from 528 SF to 5,448 SF.
The multi-tenant office project is a 3-story professional building with surface parking spaces and it is conveniently located off the 91 Freeway with excellent proximity to the rest of the Inland Empire.
Lee & Associates Commercial Real Estate Services, Inc., is one of the largest national commercial real estate service providers with regional expertise.
LEE & ASSOCIATES COMMERCIAL REAL ESTATE SERVICES, INC. - ORANGE
LEE & ASSOCIATES COMMERCIAL REAL ESTATE SERVICES, INC. - ORANGE
Allen C. Buchanan / Joshua K. Harper
714-647-9100
Edward Indvik / Mark Larson / Andrew Peake
951-276-3600